Rodbun Group, one of Romania’s leading agribusiness companies, has signed a syndicated credit facility totaling EUR 101.5 million, through which refinances and increases existing facilities by EUR 37.14 million.
The credit facility includes three tranches, a EUR 93.5 million revolving loan, a EUR 2.86 million term loan facility and a EUR 5.1 million CAPEX facility, which will be used by Rodbun to cover their working capital needs and to support the group’s development strategy.
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.
PCF Investment Banking acted as exclusive advisor to Rodbun Group in structuring, negotiating and implementing the transaction.
“Rodbun, together with the banks present in this syndicate, works to stimulate Romania’s economic growth and to provide Romanian farmers with high quality products and services. In this context, Rodbun has the opportunity to continue its investments in genetics – with a special emphasis on the valorization of local genetics – in the development of seeds adapted to regional specifics and in the improvement of logistical capabilities through cutting-edge technologies. The company is also able to allocate resources to test cutting-edge technological innovations capable of increasing the resistance of crops to the new climate changes. Thus, Romania will be better equipped to face the inevitable challenges of the coming decades,” said Daniel Muntean, co-founder Rodbun.
With a team that exceeds 500 people, 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 is one of the most successful projects in Romanian agriculture, which has grown steadily over time, becoming a first choice for farmers. We are happy to have supported this evolution and the development of a national brand. But most of all we are honored to have built a solid, long-term partnership based on expertise, transparency and competitive and specialized solutions, anchored in the specificity of the industry in which the group operates,” said Ana-Maria Samuilă, Head of Agriculture Financing BCR.
“We are coordinating a new syndicated loan for Rodbun Group, one of the most important agribusiness companies in Romania, and we continue to support the growth potential of this strategic sector. The loan has complex usability, both to cover working capital needs and to support the development strategy, and will certainly contribute to strengthening the company’s position on a national plan,” said Raluca Orha, Head of Loan Syndication BCR.
“The Rodbun transaction is referential for the banking system of Romania, considering the value approved for a Romanian company, the record period of its implementation, nonetheless the strong interest in it shown by the financing banks. All the above were accomplished in a difficult market environment, dominated by the fiscal changes, volatility, inflation, proving the utmost implication and coordination of all the participants involved in the project,” said Florea Vlad, Director PCF Investment Banking
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