EBRD arranges $130m syndicated loan for Sodrugestvo Group
The European Bank for Reconstruction and Development is arranging a $130 million loan to Sodrugestvo Group, an international agro-industrial conglomerate incorporated in Luxemburg.
The financing will consist of an A-loan of up to $85 million for the bank’s own account and a B-loan of up to $45 million, which may be syndicated to commercial banks.
Up to $25 million will be channelled to Sodrugestvo Trans-Agro, the largest private owner of grain-hopper railcars in Belarus for the acquisition of 216 hoppers. The new hoppers will decrease SG’s reliance on cargo services provided by state-owned railway companies and strengthen its market position.
Up to $55 million will be provided to Belagroterminal, the operator of a multi seeds crushing plant, for balance sheet restructuring and for the construction of a biomass boiler house at its principal manufacturing site in Smorgon, north-western Belarus.
The remaining $50 million will be provided to support working capital needs of Belagroterminal. The biomass boiler house will help reduce annual greenhouse gas emissions by around 41,000 tonnes.
