393-06-AGKR_Ugovor_s_medjunarodnim_bankama-ENG

Document Sample
393-06-AGKR_Ugovor_s_medjunarodnim_bankama-ENG Powered By Docstoc
					Press Release                                                       Zagreb, 21 July 2006
-for immediate publication-

                  SIGNING OF A LOAN AGREEMENT BETWEEN
             AGROKOR AND A SYNDICATE OF INTERNATIONAL BANKS

Today in the Zagreb Hotel Westin, financing agreements were signed in the total amount
of €475 million between the Agrokor Group and a syndicate of five international banks,
ABN AMRO Bank N.V, Bank Austria Creditanstalt AG, Raiffeisen Zentralbank Österreich
AG, Privredna banka Zagreb d.d. and Société Générale – Splitska banka d.d. The
agreements were signed on behalf of Agrokor by Mr. Ivica Todorić, President of the
Agrokor Group, on behalf of ABN AMRO Bank N.V. by Mr. Mike Elliff, Managing Director,
CEEMEA Debt Origination, on behalf of Bank Austria Creditanstalt AG by Mr. Ingo Bleier,
Deputy Managing Director Syndication & Loan Marktes, on behalf of Raiffeisen
Zentralbank Österreich AG by Mr. Marc Faller, Vice President, on behalf of Privredna
Banka Zagreb d.d. by Mr. Božo Prka, President of the Management Board, and on behalf
of Société Générale – Splitska banka d.d. by Board Member Ms. Vedrana Carević.

The arrangements encompass two Agreements, a syndicated term loan in the amount of
€325 million with a maturity of 5 years and bearing an interest rate of 5%, as well as a
€150 million facility. The purpose of the arrangements are intended for the redemption of
the outstanding Agrokor €230 million notes that have a coupon of 11% as well as the
refinancing of short term indebtedness.

These financial arrangements are another confirmation of Agrokor’s vision and strategy
that have followed a phase of acquisitions and intensive expansion in the region and
represent a significant step towards the restructuring of Agrokor’s balance sheet and
strengthening the financial stability as an important strategic objective of the Company,
which will, in the long term, optimally support the further development of its operating
business.

Mr. Mike Elliff, on behalf of ABN AMRO Bank N.V., an international bank acting as a
Global Coordinator of the facilities, stated on this occasion "Agrokor has received a strong
vote of confidence from the international financial markets. The Company's syndicated
loan, together with the highly successful bond tender, will provide Agrokor with both
attractive financing and significant financial flexibility to react to the competitive
developments in the dynamic markets in which it successfully operates”. He further added
“although the facility has been signed with these banks today, Agrokor look forward to
welcoming a number of additional banks into the facility by mid-august when the
syndication will be closed”.
“In the last month, Agrokor has signed three very important financial agreements with the
most renowned international financial institutions – the European Bank for Reconstruction
and Development, that invested in Agrokor’s share capital, the International Finance
Corporation, a branch of the World Bank that has approved the financing of Agrokor
subsidiaries PIK Vrbovec and Belje, as well as this syndicated facility today, with the
leading European and regional banks. With their support, these banks have confirmed
Agrokor’s vision and strategy, through which it has realised an optimal maturity and
structure of its debt and capital that will enable further expansion and improvement of the
business, strengthen the balance sheet and in this way achieve one of its most important
strategic objectives. Ahead of us now is the entry into a new phase of growth and
development,” said at the time of signing the Agreement Mr. Ivica Todorić.




                                  Public Relations Office
                                       Agrokor d.d.
                                  Tel. +385/1/4894-304
                                  Fax.+385/1/4844-363




                                            2

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:6
posted:4/6/2013
language:Unknown
pages:2