Pehart Group, one of the largest tissue paper producers in Southeast Europe and the largest producer and processor of household paper products in Romania, is extending the syndicated loan obtained two years ago to EUR 78 million. The funds will support the company’s plans to invest in energy-efficient equipment, green energy solutions and the development of new production capacity and will also increase working capital. Pehart Group plans to invest approximately EUR 20 million in these three areas, with investments to be completed in 2023.
The credit line obtained in 2020 was supported by a syndicate of banks: Banca Comercială Română as Coordinator, Mandated Lead Arranger, Documentation Agent, Facility and Collateral Agent together with ING BANK N.V. Amsterdam, Bucharest Branch, Raiffeisen Bank SA and OTP Bank Romania SA as mandated lead arrangers. For the current expansion of the credit line, Pehart maintains the structure of the same bank syndicate, coordinated by BCR, but this time BCR, ING and Raiffeisen participate in the exposure increases.
In addition to increasing the volume of exports and consolidating its brands internationally, Pehart aims to consolidate its position as the leading tissue paper producer in Romania in the retail area for its own brands, as well as for the brands of the major retailers. Pehart also plans to develop the Away-from-Home product segment (for HoReCa use, for office buildings, factories etc.), but also to invest in the growth of its own brands, Pufina and Alint, so that they become Romanians’ favourite products. Pehart currently operates two factories, in Sebeș, Alba and Dej, Cluj.
