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Fabrica de Lapte - Corporate Loan II

Romania | Consumer Staples

Identification Code:: OP/14/0019
Total Operation Cost:: 10.000.000 EUR
Maturity:: 60 months
Operation Status:: BSTDB Approved Amount – Approval Date

10.000.000 EUR – 21 Jul 2014
: BSTDB Signed Amount – Signed Date

10.000.000 EUR – 10 Sep 2014
: Status:
Completed
Description and Purpose of the Operation:: Long-term corporate loan to finance the installation of a new milk receiving and pasteurization line, construction of a new storage area for packaging materials, purchasing equipment for cooling milk and cleaning production lines, establishing a new fire safe system for electronics and improvements in the waste treatment facility and associated working capital needs in the production plant of dairy products of Fabrica de Lapte Brasov in Romania
Countries of Operation:: Romania (100,00%)
Financial Product:: Loans
Sector:: Consumer Staples
Domain:: Private
Borrower/Client:: Fabrica de Lapte Brasov S.A.
Co-Financers/Participants:: —
Guarantors/Sponsors:: Tyras GroupS.A., Greece and Olympos S.A., Greece
Developmental and Regional Cooperation Impact:: The operation is expected to bring a positive social development impact by generating additional export and tax revenues, by contributing to the activities of successful company/Group in Romania and Greece and by promoting cooperation among member states via investments and exports
Environmental Classification and Impact:: The company's production facilities comply with all environmental and health and safety legal requirements in effect in Romania. The existing Integrated Environmental Authorization has been amended in 2012 to include also the environmental and health and safety terms and conditions for the operation of the cheese production facilities
Operation Leader:: General Industries, Transport, Tourism 2
E-mail:: gitt2@bstdb.org