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Syndicated loan for Green Group signals stronger backing for sustainable economy

September 12, 2019 | Comments: 0Author:

Photo: Green Group
Syndicated loan for Green Group signals stronger backing for sustainable economy

Green Group, which gathers six Romanian companies specialized in waste collection and recycling companies, has secured Romania’s first syndicated loan signaling the local banking sector’s more significant involvement in the circular economy, local media reported.

Green Group will use the EUR 66 million loan to refinance its outstanding loans and finance new projects and development investments, according to press releases from the group and the bank coordinating the syndicated loan, local media reported.

Green Group will use the EUR 66 million loan to refinance its outstanding loans and finance new projects and development investments

ING Bank Romania acted as coordinator and documentation agent. Arrangers were ING Romania and UniCredit. ING Bank London acted as facility and security agent.

Green Group is an important player on the European market for treating and recycling plastic waste and electrical equipment. The group has invested EUR 170 million in recycling facilities and has a recycling and production capacity of 460,000 tons per year, Romania Insider reported.

The group has invested EUR 170 million in recycling facilities and has a recycling and production capacity of 460,000 tons per year

Green Group gathers GreenTech, GreenFiber International, GreenWEEE International, GreenLamp Reciclare, GreenGlass Recycling, and Total Waste Management.

Investment fund Abris Capital took over the group in 2016.

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