Vivartia Group lands €150M secured bond loan

What's the deal? Vivartia GroupDealroom has a profile for this one. Try Dealroom →, Greece's largest food and catering services company, has secured an up to €150 million common secured bond loan.

The loan was issued by Vivartia Holdings Single Member SA and subscribed by three of Greece's biggest lenders: Piraeus BankDealroom has a profile for this one. Try Dealroom →, Alpha BankDealroom has a profile for this one. Try Dealroom →, and EurobankDealroom has a profile for this one. Try Dealroom →.

Piraeus Bank led the deal, acting as both bondholder agent and facility agent. Law firm BernitsasDealroom has a profile for this one. Try Dealroom → advised Vivartia as Greek law counsel.

Why now? The financing, announced in June 2026, gives Vivartia fresh capital backed by collateral as it consolidates its position atop Greece's food and catering market.

What could go wrong? Secured debt ties Vivartia's assets to repayment. Any downturn in the food sector or rising rates could squeeze the group as it services the loan.

The signal: Backing a mature conglomerate like Vivartia — the Athens-based food production group behind much of Greece's catering market — with a three-bank syndicate shows Piraeus, Alpha, and Eurobank pooling resources behind an established national champion rather than chasing early-stage bets. It's a vote of confidence in Greece's real economy from the country's largest lenders.

Read more: Chambers and Partners

Image credit: IBM Research