Ameropa signs 324 million Euro loan to finance group operations in Romania

Ameropa signed a 324 million Euro multivalued revolving credit facility with a bank syndicate of Banca Comerciala Romana SA (BCR) and Raiffeisen Bank SA as principal initiators, bookrunners and structuring banks, together with ING Bank NV Amsterdam – Bucharest Branch and UniCredit Bank S.A., as principal mandators and creditors.

The facility, the maturity of which may be extended to three years, will be used by Azomures SA, Ameropa Grains SA and Chimpex SA to consolidate the financial debt structure and increase its value by refinancing existing bilateral facilities and financing new working capital needs . The facility consists of two tranches, a revolving credit facility and a tranche that can be used as ancillary facilities for various purposes, including ovedraft facilities, warranty letters and letters of credit.