The company would use RON12.5 million as working capital, and the rest of the money would be used for refinancing.
Avicola Buzau took two credit lines from Banca Romaneasca, in 2002 and 2006, worth RON850,000 and RON1.2 million respectively.
The proposition will be analyzed by shareholders on September 19, according to a meeting agenda sent Thursday to the Rasdaq market of the Bucharest Stock Exchnage.
The company plans to guarantee the Eximbank loan in association with Avis Lipia and Ayalex Fresh.
Avicola Buzau is indirectly owned by three individuals, Viorel Gavril Fetinca, Bogdan Gruia and Stanca Bogdan. The three hold 66.84% in Avicola, through Ayalex Trading.
Avicola has a share capital of RON42.7 million, divided into 427.6 million shares with a face value of RON0.1.
Company shares were last traded Tuesday at RON0.0306, down 2.86% on the day. (EUR1=RON4.3128)