The multi-tranche loan will primarily address working capital needs and facilitate the buyback of a minority equity stake from investment fund AMC Capital.
Mirela Drăgoi, CEO & Co-Founder of PetStar Group, said: "This funding provides a solid foundation for accelerating our development and consolidating our leadership in an increasingly competitive sector. PetStar is now equipped to scale operations, generate added value, and play a pivotal role in advancing a national objective: building a circular economy in PET recycling. We are also investing in cutting-edge technology that transforms waste into a valuable national resource.”
Legal counsel for the transaction was provided by Nestor Nestor Diculescu Kingston Petersen (NNDKP) for PetStar and Wolf Theiss for UniCredit Bank. PCF Investment Banking was the exclusive financial advisor.
