Țuca Zbârcea & Asociații advised the founders of Rodbun Group in connection with a €101.5 million syndicated facility through which refinances and increases existing facilities by €37.14 million. The team was led by Partner Mihai Dudoiu and Managing Associate Sergiu Negreanu with support from Sorina Ștefoni, a Senior Associate.
PCF Investment Banking also acted for Rodbun Group in structuring, negotiating and implementing the transaction.
“The fact that a Romanian entrepreneurial company is granted a credit facility of over €100 million in a record time reflects the huge potential of the agribusiness sector in our country and, at the same time, reconfirms the ability of Romanian entrepreneurs to collaborate effectively with financial and banking institutions for the development and expansion of their businesses”, said Sergiu Negreanu, Managing Associate at Țuca Zbârcea & Asociații.
The facility was arranged by Banca Comercială Română S.A. (BCR), which acted as Coordinator, Initial Mandated Lead Arranger, Bookrunner, Documentation Agent, Facility Agent and Security Agent, alongside CEC Bank, ING NV Amsterdam – Bucharest Branch and Raiffeisen Bank as Mandated Lead Arrangers, together with Garanti BBVA and AlphaBank as Lenders.
Rodbun Group manages approximately 8,000 hectares of seed production in farms located in regions with agricultural potential in Romania, operates three seed processing and conditioning factories and owns a chain of 50 agricultural stores that serve the small farmer. RodBun Group will use the syndicated loan to refinance existing exposures, cover working capital needs and support the group's development plans.
