| 1 | Greece is receiving the first 13 billion-euro ($14.5 billion) payment of its new bailout, with 12 billion euros earmarked for repaying debts and the remainder for settling arrears to public sector suppliers. |
| 2 | Athens is using the funds to repay a 3.2 billion euro ($3.5 billion) debt installment due Thursday to the European Central Bank - an amount it could not have afforded to repay without the bailout from 18 other European nations that share the euro currency with Greece. |
| 3 | It's Greece's third bailout over five years. |
| 4 | The new three-year bailout is worth 86 billion euros ($95.6 billion), and the disbursement of funds is dependent on the Greek government implementing a series of reforms, including steep tax hikes and spending cuts. |
| 5 | European bailout fund supervisors approved the release Wednesday evening. |