The loan was structured on two facilities: a revolving credit facility that will be used by Rodbun Grup to partly refinance existing loans and cover farmers’ working capital needs, as well as a long-term credit facility that will be used to refinance existing investment loans and to acquire and refurbish a grain processing and storage base.
Banca Comerciala Romana (BCR) acted as agent for documentation and agent for facilitation and guarantee.
Rodbun’s new base is located in the vicinity of the Port of Braila, one of Romania’s most developed agricultural areas. The investment amounts to nearly RON23 million.
Rodbun Group holds 70 phytopharmacies and exploits 10,000 hectares of farmland in ten farms, boasting a 100,000-ton storage capacity in silos and stores.