EximBank structured a financial package to cover the working capital needs of Pet Star Holding from Ialomița, the largest PET preform producer in Romania and the Balkans region. The company received a RON 20 million credit facility, granted with a state guarantee issued under the COVID-19 state aid scheme for large companies, covering 90% of the financing value.
“Although the pandemic context forced us through a difficult period, the situation itself drove us to constantly seek solutions in an extremely unpredictable environment. Through this partnership with EximBank, which facilitates the financing of our current operations, we can focus our attention on carrying out investments to expand production lines, through vertical integration of the business with the inclusion of rPET manufactured by Pet Star Recycling.” — Mirela Drăgoi, Executive President of Pet Star.