Romcab will use a state guarantee from Eximbank covering 80% of the credit line.
Romcab shareholders will convene on January 17 to discuss approving the operation, the company said in a statement.
In September this year, Romcab opened a new plant in Mures county and the investment received financing from state-run lender EximBank. The loan and bank guarantees provided by EximBank amounted to 200 million lei (EUR44.6 million).
Romcab is controlled by businessman Zoltan Prosszer, through car parts provider Sadalbari.
On the Bucharest Stock Exchange Thursday, Romcab traded down 6.25% to RON2.25 per share. (EUR1=RON4.4747)