June 9 (SeeNews) - Several units of Croatia's Agrokor said on Friday they will act as guarantors and co-debtors on a 480 million euro ($537.1 million) loan deal the troubled food and retail concern has arranged with members of the ad-hoc group of holders of its 2019 and 2020 senior bonds.
Frozen food producer Ledo [ZSE:LEDO-R-A], food company Belje [ZSE:BLJE-R-A], meat processing company PIK-Vinkovci [ZSE:PIVK-R-A], agricultural conglomerate Vupik [ZSE:VPIK-R-A], mayonnaise and margarine maker Zvijezda [ZSE:ZVZD-R-A] and soft drinks and water bottling company Jamnica [ZSE:JMNC-R-A] are all co-signatories to the loan deal, they said in separate filings with the Zagreb bourse.
On Thursday, Agrokor announced it has secured a 480 million euro loan deal, with an additional 50 million euro commodity loan to go to suppliers.
The concern explained that the total credit actually amounts to 1.1 billion euro, of which the new credit is 530 million euro, and the remainder is meant to refinance old debt.
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