Expanding the loan funding base

Expanding the loan funding base

04.07.2023

Transoil Group is thrilled to announce that on June 30th, 2023, it signed the renewal of its long established and continuing Borrowing Base Finance Facility of up to USD 200 million. The proceeds will be used to purchase agricultural commodities out of 2023 crop from local Moldovan and Romanian farmers/suppliers. This facility is structured as a traditional banking borrowing base secured by stocks, receivables, and cash.

The facility has been committed by an international banking pool including DFI’s and commercial banks. The banks syndication includes ING Bank N.V., Amsterdam, Lancy/Geneva Branch, Black Sea Trade and Development Bank, Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V, UniCredit Bank Austria AG, Raiffeisen Bank International AG, OTP Bank SA Moldova, OTP Bank Plc Hungary, FIMBank p.l.c. and Citi Bank NA London Branch.

Compared to the previous year, the facility limit increased by almost 30%, further demonstrating Transoil Group ability to raise capital required for its operations on the international debt markets, despite the current geopolitical risks associated with the Black-Sea region.

Transoil Group, its Board of Directors and management, express their appreciation and deepest gratitude towards all financial partners standing with the Group and contributing to its further success.