The credit facility was granted for a ten-year period.
This is one of the largest syndicated loans granted released locally this year, on a corporate market where clients are still wary of taking out major funding for new investment projects.
Azomures, with annual revenue of EUR350 million, is controlled by Swiss international group Ameropa.
The lack of major funding deals is a bad signal regarding companies’ confidence in the future and an additional headache for bankers, who say they are sitting on a pool of cash, but have no clients to lend to.
Companies had loans worth RON112 billion in late August, up 6% on the lei component and down 12% on the foreign currency one.
International financial institutions EIB, EBRD and IFC continue to sign foreign currency-denominated funding lines that can offset the deleveraging process carried out by euro zone groups in the context where demand for new funding is so low. The largest part of loans from these sources goes to small and middle-sized companies.
(English version by Catalina Apostoiu)