Rovinari will hold negotiations May 28 with several banks in a bid to secure the funds, the statement noted.
The loan will mature in 10 years and will be guaranteed by state-run bank Eximbank.
Rovinari, owned by the Economy Ministry, employs 4,406 staff. The ministry has announced plans to privatize the company, but is yet to set a date. (EUR1=RON4.3792)