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Sloveniansteel maker SIJ ink EUR 240 million loan deal with 7 banks

Steel News - Published on Mon, 20 Mar 2017

Image Source: See News
SeeNews reported that Slovenian steel producer Slovenska Industrija Jekla two of its units have closed a new 240 million euro ($257.2 million) syndicated loan to refinance the existing loan portfolio and ensure long-term financing for investment programmes aimed at production efficiency, environmental projects and energy efficiency.

SIJ said in a filing with the Ljubljana bourse that SIJ Acroni and SIJ Metal Ravne closed the deal with seven banks with UniCredit Group acting as a coordinator, mandated lead arranger, documentation agent as well as facility and security agent.

The consortium of banks besides UniCredit comprises NLB, the European Bank for Reconstruction and Development (EBRD), SKB, Nova KBM, ERSTE AG and Addiko Bank.

Mr Igor Malevanov, member of the management board and CFO at SIJ, said in a press release that "This new loan ensures both steel companies long-term funding, enabling further financial strength, growth and development. All banks recognised SIJ Group as strong financial partner, with proven operational results, strong profitability and robust business model.”

Source :

Posted By : Rabi Wangkhem on Mon, 20 Mar 2017
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