Agrokor signs a new financing Agreement of EUR 325m
Mar 19, 2015
Agrokor has signed a financing arrangement consisting of a club facility of €300 mn with Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, JP Morgan and Morgan Stanley and a bilateral Agreement of €25 mn with BNP Paribas for the total consideration of EUR 325m. The facility has a maturity of 18 months with upstream guarantees provided by several Group companies. In addition we also extended €25 mn existing arrangement with BNP Paribas to 18 months.
The proceeds from the new loans will be predominantly used to refinance Agrokor's existing financial liabilities and partly to support further development of the Company. By signing this Agreement Agrokor has further enhanced its capital structure and reduced the cost of funding. The success of the transaction with an unprecedented list of global banks proves to be yet another recognition of Agrokor’s achievements to date and its clear vision and strategy going forward.