18.9 C
Belgrade
Supported byspot_img
spot_img

Raiffeisen to borrow Alro aluminum producer 137MUSD for EBRD revolving loan

Member of Europium Groupspot_img
Supported byspot_img

Aluminum producer Alro has signed a USD 137 million revolving loan agreement with a syndicate of banks led by Raiffeisen International and Raiffeisen Bank Romania.

The company needs the money to refinance another USD 120 million revolving loan it took from the European Bank for Reconstruction and Development in 2010.

The consortium bank also includes Unicredit Bank, OTP Bank, Eximbank, Garanti Bank, Intesa Bank, and Banca Transilvania.

Supported by

Alro will guarantee the loan with its main assets, mortgage securities, mortgage rights, and compensation from insurance policies covering the company’s assets.

Source; mediafaks.ro

Supported byElevatePR Digital

Related News

Progress at Plymouth’s tungsten mine: Final permit secured for production restart

Plymouth’s potential tungsten mine is on track to achieve significant production levels following the approval to commence operations. Tungsten West Plc has secured a...

Elementos pursues acquisition of stake in Iberian smelting for European tin market expansion

Elementos, a tin exploration and development firm, has initiated a non-binding term sheet to potentially acquire up to a 50% interest in Iberian Smelting...

EU corporate sustainability directive: Implications for global supply chains and Africa’s mining communities

On 24 May, the European Union enacted the Corporate Sustainability Due Diligence Directive (CSDDD), a landmark legislation requiring large businesses to identify and mitigate...

Rio Tinto defends environmental safety of Serbia’s Jadar lithium project

Rio Tinto announced on Thursday that it had published new environmental studies indicating the safety of its Jadar lithium project in Serbia, which was...
Supported by
Supported by
Supported by
error: Content is protected !!