Agrokor signs a club facility Agreement of EUR 200m
Oct 21, 2015
Agrokor has signed a financing arrangement in a form of club facility of €200 mn with BNP Paribas, Credit Suisse, Goldman Sachs and JP Morgan. The facility has a maturity of 18 months with upstream guarantees provided by several Group companies.
The proceeds from the club loan will be fully used to refinance Agrokor's existing short-term financial liabilities. By signing this Agreement Agrokor has further enhanced its capital structure through extending maturities and reducing the cost of funding. This arrangement with a number of global banks further emphasizes their support to Agrokor’s achievements to date and to its future strategy.