According to the report, “these facilities will be used by Workshop to refinance previous bank loans contracted from other banking institutions (RON 13.9
million), as well as to fund the working capital necessary for current operations (RON 7.5 million).”
“Workshop has secured the credit facilities with movable and immovable assets. Additionally, ROCA Industry has issued a corporate guarantee in favor of the bank for each credit facility,” the report shows.
Roca has a market value of RON200 million. Roca shares have traded down 13% so far in 2024.