leonora Bacale, Head of Industrials & TMT, Corporate Banking BCR

Ford Otosan Romania, one of the largest vehicle manufacturers in Romania, has signed a syndicated credit facility totaling EUR 435 million to finance ongoing facility, vehicle, and engineering investment projects at its Craiova plant. The financing will be used to support the production of the new Ford Puma, the Ford Transit Courier and Ford Tourneo Courier models, as well as the production of their all-electric versions.

In the syndicated loan for Ford Otosan Romania, BCR is participating with EUR 84 million, representing 19.3% of the total financing.

The banks syndicate includes Banca Comercială Română S.A. and Banca Transilvania S.A., which acted as Mandated Lead Arrangers, together with Garantibank International NV and Garanti Bank S.A, as Lead Arrangers, BNP Paribas S.A. Paris Bucharest Branch as Senior Arranger and Citibank Europe Plc Dublin, Romania Branch together with UniCredit Bank S.A. as Arrangers. Société Générale, together with BRD, its Romanian branch, acted as Coordinators, Mandated Lead Arrangers, Bookrunners and Documentation Agents.

“By participating in this syndicated financing structure, BCR shows its support for Ford Otosan Romania and its confidence in local technological and industrial progress. We are committed to facilitate access to required capital for strategic investments in Romania, which further promote sustainable growth and expansion in manufacturing sectors, human skills development, and acceleration for the green and digital economy transition,” said Eleonora Bacale, Head of Industrials & TMT, Corporate Banking BCR.

Gül Ertuğ, CFO of Ford Otosan, emphasized the crucial role of the Craiova plant in both Ford Otosan’s operations and Romania’s position in electric vehicle manufacturing in Europe. She described the syndicated credit agreement is a strategic move underscoring Craiova’s significance in their future strategies. Ertuğ expressed gratitude to all syndicate banks for their confidence, contributions, and collaboration, highlighting their collective commitment to Ford Otosan’s future.

BCR offers a full range of financial products and services through a network of 20 business centres and 16 mobile offices dedicated to companies and 319 retail units located in most of the country’s cities with more than 10,000 inhabitants, where 63% of units are cashless.

BCR is Romania’s No.1 bank in the transaction banking market, with BCR customers having the largest national network of ATMs and multifunctional machines – almost 2000 machines, and full banking services through Internet banking, Mobile banking, Phone-banking and E-commerce.

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