Carmistin Group signed a syndicated loan amounting to EUR 90 million

Carmistin Group, one of the leading players on the Romanian agribusiness and meat processing  market, has signed a syndicated loan amounting to RON 427 million.

The loan was arranged by a syndicate of banks comprising the following lenders: Banca Comercială Română SA (member of Erste Group), acting as Bookrunner, Mandated Lead Arranger, Documentation Agent and Facility and Security Agent, CEC Bank as Mandated Lead Arranger and participating banks – EximBank SA, Intesa Sanpaolo Romania SA and OTP Bank Romania SA.

This complex facility will be used by over 20 companies of Carmistin Group for financing their investment projects, refinancing their existing bilateral financial debt, as well as for working capital needs.

This Facility is comprised of four tranches that can be used for several business purposes so that the various company needs.

”This project will allow Carmistin Group to continue its growth at an accelerated pace in its three main business streams: chicken, pork and feed manufacturing. Thus, we will enter a new development stage”, said Andrei Brumaru, General Manager, Carmistin Group.

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