Bucharest, May 17, 2023 - OTP Bank Romania participated in granting a syndicated loan for one of the most important players in the local agricultural sector, Holde Agri Invest, in the amount of 30.5 million lei and 26.7 million euros, together with Banca Transilvania, which acted as main arranger of the transaction.
The syndicated loan attracted by Holde Agri Invest Group to support its local operations development and expansion objectives is structured in four distinct financing lines. Thus, the first line of financing, valued at 30.5 million lei, is allocated to support working capital.
Three other financing lines, with a total value of 26.7 million euros, will be used for the purchase of modern agricultural equipment and machinery, as well as for investments in logistics elements and the construction and modernization of silo capacities. The funds will also be used to increase the producer's footprint by purchasing farms and agricultural land.
"We actively support the development of the sector through solid partnerships built with entrepreneurs and agricultural producers in Romania and we are pleased to participate in this syndicated financing for Holde Agri Invest Group, one of the leaders in the sector. We thus support investment plans for a performing local agriculture, the expansion and modernization of landmark farms and the production of Romanian agricultural goods for the local market. At the same time, we are happy to observe the emergence of a trend that will accelerate in the coming years, whereby local agribusiness is increasingly turning to alternative financing instruments to implement long-term growth strategies and increase the performance in the sector", said Alexandru Neagu, Large Corporate Director, OTP Bank Romania.
In the process of obtaining the syndicated loan, Holde Agri Invest Group was assisted by the law firm Filip and Company, while the legal advisor of the banks in the syndicate was the law firm Țuca Zbârcea și Asociații.
About Holde Agri Invest
Since its listing on the AeRO market of the Bucharest Stock Exchange in October 2020, Holde Agri Invest has continuously invested in the development of the company and operations. The investments made so far have reached 155 million lei and were financed from own sources and borrowed capital. These aimed at expanding the exploited areas and modernizing the existing farms. In the first quarter of this year, the company acquired a new farm, in Dâmbovița County, with a total area of approximately 980 ha of land. Currently, Holde exploits a total agricultural area of approximately 13,200 hectares divided into four cores – Roșiori, approximately 3,830 ha, Frumusani, approximately 3,720 ha, Videle, approximately 2,300 ha and Conțești, approximately 3,350 ha.
About OTP Bank
OTP Bank Romania is a subsidiary of OTP Group, a universal bank with a very good presence in Central and Eastern Europe, which offers complete financial solutions, being active in both the retail and corporate segments. From 2019, OTP Bank is going through an extensive transformation process, through which it aims to significantly increase its business segments and to create a better customer experience.
With a constantly growing team that embraces change and harnesses its potential, OTP Bank Romania is building a culture of trust at every level of the organization. The bank ranks 9th, by assets, in the ranking of Romanian banking players, according to the latest BNR data. In Romania, the members of the OTP Group are OTP Bank Romania, OTP Consulting, OTP Leasing, OTP Asset Management, OTP Factoring, OTP Advisors and OTP Bank Romania Foundation.
For additional information:
The Communication Team
OTP Bank Romania, www.otpbank.ro
E-mail: comunicare@otpbank.ro
