The Ameropa Group’s Romanian entities, Ameropa Grains, Azomures and Chimpex, have secured a EUR 347 million Senior Secured Multicurrency Revolving Credit Facility with a syndicate of banks. Banca Comerciala Romana SA (BCR) and Raiffeisen Bank SA as joint Initial Mandated Lead Arrangers and Bookrunners, together with ING Bank N.V. Amsterdam – Bucharest Branch and UniCredit Bank S.A., as Mandated Lead Arrangers. BCR also acted as the Documentation, Facility & Security Agent.
The syndicated facility, which has been amended and extended, will be used by Ameropa Group’s Romanian entities to finance their working capital needs. The documentation also stipulates an accordion feature, which will allow the group to access additional funding of up to EUR 104m in line with the increase in prices of grains and fertilizers.
This transaction confirms the support of the syndicated banks for the consolidation of Ameropa’s strategic operations in Romania. Nestor Nestor Diculescu Kingston Petersen (NNDKP) acted as a legal advisor to the lenders, where Popovici Nitu Stoica & Asociatii (PNSA) acted as a legal advisor on the borrower’s side.