The propositions were approved in a shareholder meeting, according ot a memor posted by the company on the Bucharest bourse Monday.
Two loans, worth EUR20 million each, will be taken from BCR, to finance current activities and fund rolling capital.
The remaining EUR15 million will be taken from UniCredit Tiriac, to refinance other loans.
Another shareholder decision was to reduce the number of board members to five from seven.
The company is 92.66% owned by TMK Europe, the German subsidiary of Russian group TMK.
TMK Artrom shares were last traded on the Bucharest bourse Thursday, at 1.65 lei (EUR0.39) per unit, down 2.31% on the day. (EUR1=RON4.2429)