PXF 24/25 extension announcement on Transoil Group
PXF 24/25 extension announcement on Transoil Group
08.07.2024
Transoil Group is pleased to announce that the Group has signed as of July 1st, 2024 the renewal of its historical Borrowing Base Facility up to USD 200 million. The proceeds will be used to purchase agricultural commodities crop of 2024 from local Moldovan farmers/suppliers and Romanian too. This facility is structured as a traditional 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 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, Citi Bank NA London Branch and Coöperatieve Rabobank U.A.
Compare to the previous year, the facility has been increased by almost 20% demonstrating Transoil Group ability to raise working capital on the international markets for its operations despite the current general geopolitics in Black-Sea region.
