ABN AMRO Bank arranges DEM 250 million syndicated loan for Chech chemical company
ABN AMRO Bank arranged a DEM 250 million medium term syndicated loan for the Chech chemical company Kaucuk a.s., subsidiary of Unipetrol a.s. The loan, which is Kaucuk’s debut on the syndicated loan market, was successfully well over-subscribed.
The transaction was launched with the purpose of raising a DEM 250 million financing with tenor of 7 years. The funds raised will be used for the modernisation and refurbishment of Kaucuk’s styrene unit, the block crystal polystyrene unit, the energy plant as well as the refinancing of Kaucuk’s subsidiary K-Petrol borrowings.
The success of the transaction shows the positive vision of the market with regards to Kaucuk’s en Unipetrol’s positions as well as to the long term economic developments of the corporate sector of the Czech Republic.
ABN AMRO Bank acted as Bookrunner and Documentation Agent and will be the Facility Agent and the Debt Service Agent.