Polish consortium’s PLN 1.93bn loan to Lotos Asfalt

A loan agreement worth around PLN 1.93 billion (EUR 461.36 million/US$515.27 million) has been signed by the major Polish bitumen producer Lotos Asfalt, to complete the finance for the company’s EFRA project to construct a delayed coking plant in Gdansk. A consortium of institutions are to supply the finance. These are: BGZ, Bank Pekao, Bank Zachodni WBK, PKO Bank Polski, Societe Generale, Bank Millennium, Powszechny Zaklad Ubezpieczen and Powszechny Zaklad Ubezpieczen na Zycie. The repayment date is
July 1, 2015 Read time: 1 min

A loan agreement worth around PLN 1.93 billion (EUR 461.36 million/US$515.27 million) has been signed by the major Polish bitumen producer Lotos Asfalt, to complete the finance for the company’s EFRA project to construct a delayed coking plant in Gdansk.

A consortium of institutions are to supply the finance. These are: BGZ, Bank Pekao, Bank Zachodni WBK, PKO Bank Polski, 6612 Societe Generale, Bank Millennium, Powszechny Zaklad Ubezpieczen and Powszechny Zaklad Ubezpieczen na Zycie.

The repayment date is 21 December, 2024, with interest rates linked to the LIBOR reference rate.

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