The syndicated loan is financed by a syndicate of banks made up of Banca Comerciala Romana (BCR), acting as mandated lead arranger, documentation agent and facility & security agent, CEC Bank acting as mandated lead arranger, and participating lenders EximBank, Intesa Sanpaolo Romania and OTP Bank Romania.
The loan will be used to finance investment projects, to refinance existing bilateral loans and to cover the working capital needs.
“This project enables Carmistin Group to continue its growth at an accelerated rate, on its three main business lines: chicken, pork and fodder manufacturing. Thus, we shall enter a new stage of development, in terms of both increasing the speed of the investment process and organizing and structuring the business lines,” stated Andrei Brumaru, executive director of Carmistin Group.
PCF Investment Banking Romania (the former Professional Capital Finance) acted as exclusive consultant of the borrower in structuring, negotiating and implementing the transaction.
Nestor Nestor Diculescu Kingston Petersen (NNDKP) acted as legal advisor for the syndicate of banks, ensuring the due-diligence process and the structuring, negotiation and loan documentation.
Stratula & Asociatii acted as legal advisor for member companies of Carmistin Group.
Carmistin Group was established in 2000 by the Paraschiv family and is one of the largest players on the Romanian agri-food market. The group includes over 20 companies that produce poultry meat, pork and beef, as well as farming activities.