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Ameropa signs 347 mln euro syndicated loan with four Romanian banks

Ameropa signs 347 mln euro syndicated loan with four Romanian banks Romania

BUCHAREST (Romania), August 2 (SeeNews) - Swiss group Ameropa has signed a 347 million euro ($356 million) senior secured multicurrency revolving credit facility with a syndicate of four Romanian banks, Banca Comerciala Romana (BCR) said on Tuesday.

The syndicated facility, which has been amended and extended, will be used by Ameropa Group’s Romanian entities to finance their working capital needs, BCR said in a press release.

The documentation also stipulates an accordion feature, which will allow the group to access additional funding of up to 104 million euro in line with the increase of the prices of grains and fertilizers.

The syndicate of banks is composed of BCR and Raiffeisen Bank as joint initial mandated lead arrangers, bookrunners and structuring banks, together with ING Bank N.V. Amsterdam – Bucharest Branch and UniCredit Bank as mandated lead arrangers and lenders. BCR also acted as facility and security agent and documentation agent.

Founded in 1948, Ameropa is a privately owned Swiss production and trading company in the fields of grains and fertilizers.

In Romania, the group operates through Ameropa Grains, which owns the Azomures fertiliser plant and Constanta Port logistics operator Chimpex.

($= 0.9743 euro)

UniCredit Bank SA (formerly known as UniCredit Tiriac Bank SA) is among the biggest banks in SEE, for more reference take a look at Top 100 banks