ALRO extended with three years a revolving syndicated credit facility

ALRO Slatina extended until 2023, two syndicated credit facilities cumulating USD 150 million, under the coordination of EximBank.

The banks syndicate included Unicredit Bank, OTP Bank Romania, EximBank, ING Bank Bucharest Branch, Raiffeisen Bank, Intesa Sanpaolo Romania, CEC Bank, Banca Transilvania, Garanti Bank and the International Bank for Economic Cooperation.

The credit line aims to sustain ALRO’s strategy to develop products portfolio with high and very high value-added products for sophisticated industries.

This year, ALRO managed to ensure the business continuity in safe and profitable conditions, while implementing an anti-crisis programme that showed good results and allowed the company to remain competitive on the EU and international markets and keep all production sites operational.

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