Alro Slatina signs USD 137m loan from a syndicate of banks led by Raiffeisen Bank

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The aluminium producer Alro Slatina has contracted a loan of USD 137 million from a syndicate of banks led by Raiffeisen International and Raiffeisen Bank Romania, a release from Alro informs on Friday, according to capital.ro.
“The conclusion of this credit proves Alro is a sound company, with strong operational results, and with a viable long-term development. The agreement is part of our strategy based on the consolidation of our operations and on focusing on high efficiency operations,” said Marian Nastase, chairman of the Alro Board.
The main purpose is the refinancing of a USD 120 million revolving credit, signed with the European Bank for Reconstruction and Development (EBRD) in 2010.
The revolving credit agreement worth USD 137 million was signed with a syndicate of banks. The consortium of banks includes Raiffeisen Bank International and Raiffeisen Bank Romania, both as co-ordinator and Lead Mandated Arranger (APM), Unicredit Bank, OTP Bank, Eximbank, Garanti Bank, Intesa Bank, Banca Transilvania, each as APM, as well as Zamfirescu, Racoţi & Partners, which advised the company on the legal side.

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