January 9 (SeeNews) - Romanian food producer Carmistin Group will borrow an additional 218 million lei ($47.2 million/44.2 million euro) from six Romanian banks, one of the lenders, Banca Comerciala Romana (BCR), said on Monday.
The loan facility has now reached 846 million lei, following another 209 million lei extension in October 2021, BCR said in a press release.
Carmistin will use the funding to invest in optimising its operations and supporting its sustainable development strategy, it added.
The syndicate of banks is composed of BCR as coordinator, mandated lead arranger, bookrunner, documentation, facility and security agent, CEC Bank as mandated lead arranger, and the other participating banks - OTP Bank, EximBank, First Bank, and Intesa Sanpaolo Bank.
Carmistin Group was established in 2000 and is a Romanian company operating in the agribusiness and meat processing sectors. The group comprises more than 20 companies and employs some 2,700 people across the country.
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