Spain's Pescanova gets 56 million euro lifeline
MADRID, June 28
MADRID, June 28 (Reuters) - Indebted Spanish fishing firm Pescanova, which filed for insolvency in April, said on Friday it had obtained a 56- million-euro ($73 million) syndicated loan to cover its urgent financing needs.
Spain's largest banks were all involved in the syndicate, it said in a regulatory filing.
Pescanova's insolvency filing mentioned debts of 1.5 billion euros but financial sources have said that total debt is probably more than double that amount. (Full Story ($1 = 0.7691 euros) (Reporting by Tracy Rucinski; Editing by Clare Kane)
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