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 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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Saint-Gobain signs €2.5bn credit line agreement with 26 banks

French construction materials group Saint-Gobain has signed a €2.5 billion undrawn credit line agreement with 26 banks with a reimbursement date in December 2018.

The line replaces another due for repayment in 2015. The group also negotiated an extension of a €1.50 billion credit line due in December 2017 to December 2018 with 27 banks. The €2.5 billion credit line has two options for extension.

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Poland’s Lotos supplies 50,000tonnes of asphalt for A1

According to an announcement by the major Polish oil and petrol concern, Lotos, its company Lotos Asfalt supplied some 50,000tonnes of asphalt for the construction of the A1 motorway from Torun to Kowal.
The company was also the exclusive supplier for the recently-opened 19km stretch from Wloclawek to Kowal.

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Semen Indonesia seeks IDR 840bn loans for cement plant

Bank loans worth between IDR 600 billion (€39.29 million/US$50.20 million) and IDR 840 billion are being sought by Indonesia-based cement manufacturer Semen Indonesia for financing the set-up of a new cement plant in Papua's Jayapura.

The company will likely secure the loans in 2015, while the plant will commence construction in 2015. The plant is worth IDR 1.2 trillion and it will be Papua's first cement plant. The plant will be able to manufacture between 600,000tonnes and 1 million tonnes of cement.