Transoil secures first ever syndicated facility

摘要

This is the first ever syndicated facility for Transoil Group and the first ever large-scale syndicated trade finance facility in Moldova in the agri-sector. Transoil Group is funded through a $155 million facility arranged by SG CIB as MLA bookrunner, facility agent, security agent and Mobiasbanca as local agent involving a syndicate composed of commercial banks and IFC. The facility is used to finance working capital needs associated with trading operations (origination, primary processing, storage and transportation of commodities and their subsequent sale for export), which are currently financed by numerous uncommitted credit lines provided by international banks to the group on various and different terms. Additionally, the facility is designed to cater for the seasonality of the group's working capital needs.