Swiss-based Ameropa AG said it has completed the full refinancing of its main Revolving Credit Facility (RCF) in Romania for the amount of €542 million (approximately $600 million at current exchange rates). Ameropa said the new RCF is supported by nine banks, adding five new banks to the facility.
The RCF is a substantial increase on the prior facility of €347 million, and will support the ongoing working capital needs of Ameropa-owned fertilizer companies in Romania, including Azomureş SA, which is the country’s biggest fertilizer producer, and Chimpex SA, as well as at Constanța-based Ameropa Grains, Ameropa said in a July 21 statement.