BCR grants TMK Artrom SA credit facilities worth over 45 million euros

TMK Artrom, part of TMK European Division, one of the world's leading oil and gas steel pipe suppliers, received credit facilities of over 45 million euros from the Romanian Commercial Bank (BCR), member of Erste Group Bank AG, a first component being a loan agreement in value of 20 million euros on a five-year period, BCR informs in a press release. The term loan of 20 million euros is secured by a Corporate Guarantee issued by the parent company, OAO TMK, and is aimed at ...

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