News

PNSA advised Ameropa Group on full refinancing of its main RCF in Romania

31 July 2023

PNSA advised its long-standing client Ameropa Group, leading Swiss grain and fertilizer trader, on the successful refinancing in full of its main Revolving Credit Facility (RCF) in Romania.

Photo: Ameropa/Chimpex

The refinancing facility has closed with a total amount of €542 million, a substantial increase from the prior facility of €347 million. The funds will be used by Ameropa Group's Romanian entities, i.e. fertilizer producer Azomures, trader Ameropa Grains and port operator Chimpex, to finance their ongoing working capital needs.

PNSA team was led by Partner Bogdan C. Stoica with essential contribution from Senior Associate Ioana Lazăr and direct support from Senior Associate Claudia Salomia and Associate Crina Stan.

PNSA has advised Ameropa since its entry in Romania.

Ameropa is a Swiss-based agri-business group founded in 1948 with world-wide activities that span the full supply chain, ranging from production, to logistics and merchandising, to distribution. A core activity of the group is the global merchandising and distribution of fertilizer and food & feed products, supported and enabled by complementary assets, such as silos, warehouses and port facilities, as well as upstream assets such as fertilizer production plants. Active in more than 30 countries, the group is the largest exporter of grains out of the Danube region and the largest independent global fertilizer trader, which selectively invests in logistical and processing assets.