Ameropa AG, Binningen, Switzerland, said on July 16 it has successfully signed an €324 million Multicurrency Revolving Credit Facility with a syndicate of banks composed of BCR, ING, Raiffeisen, and Unicredit. The new facility, which may be extended up to three years, will be used by the company’s Romanian assets – Azomures SA, Ameropa Grains SA, and Chimpex SA – to refinance several existing bilateral loans and increase their funding capabilities.
The company said the success of the transaction demonstrates the high quality of the group’s operations in Romania and the strength of its relationship with banks, all of which are also lenders to the group at a global level.
Ameropa confirmed last month that it successfully signed the refinancing of its main syndicated Revolving Credit Facility. The new US$600 million facility was arranged with 16 banks, most prominently Commerzbank, ING, Rabobank, and Unicredit.
The funds will be used primarily to refinance the existing revolving facility, and will continue to be one of the group’s main sources of working capital. The company said the syndication was substantially oversubscribed, with commitments in excess of $830 million.