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Syndicated credit worth 51 million euro signed by BCR for Pehart Tec Group

18/12/2020 12:34
The Romanian Commercial Bank (BCR, Banca Comerciala Romana) signed a syndicated loan worth 51 million euro for Pehart Tec Group, the financing to be used to develop the two factories of the company in Petresti and Dej, the bank announced on Friday, according to AGERPRES.
Our development plans include investing 20 million euro over three years, through a solid partnership with the banks that facilitated the credit. We are committed to being an example for the paper production industry and, as we enter new markets, to establish a new standard for ethical development friendly to the environment, having constantly in view the local community and creating new jobs in a robust industry, oriented towards the people, said Gabriel Stanciu, General Manager of Pehart Tec Group. ....

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BCR signed a syndicated loan of 51 million Euro for Romanian group Pehart Tec

Banca Comerciala Romana (BCR) acted as coordinator for a syndicated loan worth 51 million Euro granted to Pehart Tec Group, the largest producer of industrial paper rolls in Southeast Europe and the largest converter of household paper products in Romania, owned by Abris Capital Partners.
The financing will be used in the development of the company’s two factories in Petresti (Alba County) and Dej (Cluj County). In these two locations, Pehart intends to build new facilities for paper production, increase the converting area, invest in state-of-the-art equipment to increase production and develop the portfolio with new products; thus, the company will create new jobs for the local communities in the two cities. ....

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