Fortenova Group to refinance roll-up loan with €1.2bn four-year bond

Fortenova Group to refinance roll-up loan with €1.2bn four-year bond

Fortenova Group to refinance roll-up loan with €1.2bn four-year bond Izvor: Borna Filic/PIXSELL

The Fortenova Group, the successor to the Agrokor conglomerate, will refinance the 2017 roll-up loan by issuing a four-year bond of up to €1.2 billion at 7.3% interest plus EURIBOR with a 1% floor, the group said on Friday.

The Board of Directors has given the go-ahead to the groups's executives to propose that the general shareholders' assembly and the holders of depository receipts approve the refinancing of the Super-Priority Term Facilities Agreement of 8 June 2017, Fortenova said. The refinancing will be led by the US investment fund HPS Investment Partners with the participation of the Russian bank VTB.

Upon receipt of final approval, the Fortenova Group will issue a four-year bond of up to €1,2 billion at an interest rate of 7.3%, plus EURIBOR with a floor of 1%, the group said.

The roll-up loan of €1.06 billion was taken to cover Agrokor's debts.

POVEZANE VIJESTI

Comments (0)

Comment sent successfully.

Comment sending failed.

Invalid CAPTCHA

* All fields are required

MOST POPULAR

NAJČITANIJE

READ MORE

NEWS

NEWS

Zagreb City Council adopts €1.15 billion 2020 budget 15:18 h

15:18 h  |  NEWS

NEWS

NEWS

EU Council adopts Commission's Opinion on Bosnia's membership application 14:54 h

14:54 h  |  NEWS

NEWS

NEWS

Bosnia: Relocation of migrants from Vucjak camp begins 14:09 h

14:09 h  |  NEWS

NEWS

NEWS

State officials lay wreath at Tudjman's grave for 20th anniversary of his death 12:20 h

12:20 h  |  NEWS

NEWS

NEWS

Gunman shoots six dead at Czech hospital before killing himself 12:08 h

12:08 h  |  NEWS

NEWS

NEWS

Croatia and Bosnia join Nobel ceremony boycott in protest against Handke 12:07 h

12:07 h  |  NEWS

NEWS

NEWS

Human Shield for law examining origin of assets 09.12.2019.

09.12.2019.  |  NEWS

NEWS

NEWS

€15 million contracted for projects in Vukovar, says economy minister 09.12.2019.

09.12.2019.  |  NEWS

PROČITAJTE JOŠ

NEWS

NEWS

Zagreb City Council adopts €1.15 billion 2020 budget 15:18 h

15:18 h  |  NEWS

NEWS

NEWS

EU Council adopts Commission's Opinion on Bosnia's membership application 14:54 h

14:54 h  |  NEWS

NEWS

NEWS

Bosnia: Relocation of migrants from Vucjak camp begins 14:09 h

14:09 h  |  NEWS

NEWS

NEWS

State officials lay wreath at Tudjman's grave for 20th anniversary of his death 12:20 h

12:20 h  |  NEWS

NEWS

NEWS

Gunman shoots six dead at Czech hospital before killing himself 12:08 h

12:08 h  |  NEWS

NEWS

NEWS

Croatia and Bosnia join Nobel ceremony boycott in protest against Handke 12:07 h

12:07 h  |  NEWS

NEWS

NEWS

Human Shield for law examining origin of assets 09.12.2019.

09.12.2019.  |  NEWS

NEWS

NEWS

€15 million contracted for projects in Vukovar, says economy minister 09.12.2019.

09.12.2019.  |  NEWS

loader