The Murapol Group has refinanced its total previous debt and raised a new loan on beneficial conditions. The loan agreement covers a 3-year financing period.
We have gained the partnership of two strong banking institutions - Bank Pekao SA and Santander Bank Polska SA. An amount of PLN 300 million will be used to refinance the current debt, while an amount of PLN 250 million will be used to finance the Group's further operational development.
The successfully completed project allows us to concentrate all of the Group's debt in a single banking consortium and to maintain flexibility in the use of funds due to the open-ended nature of the financing. We are very proud of the Murapol Group's operating model, which has proven itself in periods of economic downturn, as evidenced primarily by its excellent operating results compared to the industry. The trust of leading banks and the unprecedented amount of credit in our history clearly confirm that we are on the right way!