ALRO Secures Extension of USD 150 Million Credit Facility
Extended Credit Support until 2026
ALRO, a prominent aluminium producer in Europe, has successfully extended its USD 150 million working capital credit facility. The extension, coordinated by Exim Banca Românească, is now set until 2026.
Syndicate Banks and Legal Advisors
The syndicate for this financial arrangement comprises Exim Banca Românească, BCR, OTP Bank Romania, CEC Bank, UniCredit Bank, Alpha Bank Romania, and Banca Transilvania. Legal advice was provided by Nestor Nestor Diculescu Kingston Petersen and White & Case for the banks, and by Simmons & Simmons and Zamfirescu Racoți Vasile & Partners for ALRO.
Management’s Statement on the Extension
Marian NĂSTASE, Chairman of the Board at ALRO, highlighted the company's resilience amidst high input costs and fluctuating demand. He stressed that ALRO's focus on efficiency and cost reduction has enabled it to maintain its international standing. Genoveva NĂSTASE, Chief Financial Officer at ALRO, echoed these sentiments. She expressed gratitude towards Exim Banca Românească, the banking syndicate, and the legal teams involved, acknowledging that the extended credit facility supports ALRO's long-term development and sustains its global position.
