Adris, Koncar, Podravka boost Croatia’s share indices
Bulgaria's TPP Bobov Dol 9-mo cons net profit surges 142% y/y
Romanian stock indices start week in the green, Sphera shines
Romania eyes over 8 GW installed PV capacity by 2030 - president
Sofia bourse indices reverse losses amid soaring turnover
Jul 05, 2023 16:55 EEST
July 5 (SeeNews) - Moldova's agri-industrial group Trans-Oil said that it has signed a renewal of its borrowing base financing facility of up to $200 million (183.5 million euro) and will use the funds to buy agricultural commodities out of the 2023 harvest from Moldovan and Romanian farmers and suppliers.
The financing facility is structured as a traditional banking borrowing base that was initially granted in 2014 and is secured by stocks, receivables and cash, Trans-Oil said in a press release on Tuesday.
You can download the 2023 Agriculture industry in Southeast Europe report here
The limit of the financing facility increased by 30% compared to last year, demonstrating Trans-Oil’s ability to raise capital on international debt markets, despite current geopolitical risks associated with the Black Sea region. the group said.
The Borrowing Base Finance Facility is a syndicated loan offered by a pool of lenders that includes ING Bank N.V. Amsterdam, Black Sea Trade and Development Bank, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden, UniCredit Bank Austria, Raiffeisen Bank International, OTP Bank Moldova, OTP Bank Hungary, FIMBank and Citi Bank NA.
Employing some 2,800 people, Trans-Oil’s business segments are focused on oilseed crushing and refining, grains storage and trading, as well as providing grain, oil handling and transshipment services through its six export terminals.
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options