05/11/2023 | Press release | Distributed by Public on 05/11/2023 07:07
Holde Agri Invest, one of the largest local players in the Romanian agricultural sector, takes a syndicated loan from Banca Transilvania and OTP Bank Romania, for 30.5 million lei and 26.7 million euro. BT is arranger of the syndicated loan and financier.
The loan is for working capital and the purchase of equipment, agricultural machinery, farms, etc.
"Banca Transilvania is the largest financier of Romanian agriculture and traditionally supports this sector through its specialized agribusiness segment. We are pleased to strengthen, through our syndication department, our collaboration with Holde Agri Invest by providing a syndicated loan to cover its complex financing needs - farm acquisitions and organic growth, working capital and investments - to harmoniously support the implementation of its medium-term development strategy.Thefinancing structure has been carefully tailored to take into account the particularities of the sector and Holde, with Banca Transilvania acting as Arranger, Facility and Collateral Agent" - says Cosmin Călin, Executive Director Large Corporate Clients, Banca Transilvania.
"Obtaining this syndicated loan is a significant step in the further development of Holde Agri Invest. With this loan, we can accelerate investments in our existing operations as well as their expansion to strengthen our position in the Romanian agricultural sector. This financial support will allow us to grow and diversify our portfolio, while ensuring the liquidity needed for our current business. Working with the Romanian banking sector highlights the importance of strong partnerships and mutual trust to support Romanian agriculture.We arepleased to work together with Banca Transilvania and OTP Bank in this crucial stage of our development and are confident that together we will contribute to the growth and innovation of the agricultural sector in Romania" - says Liviu Zăgan, CEO of Holde Agri Invest.
Holde Agri Invest is a company founded by Romanian entrepreneurs in 2018.