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Slovnaft secures €200-million syndicated loan from eight banks

8:56 AM MST | December 9, 2013 | Francinia Protti-Alvarez

Refining and petrochemicals company Slovnaft (Bratislava, Slovakia) has signed an agreement with eight banks to receive loans amounting to €200 million ($274.1 million), the company announced. The funds have not been earmarked for specific purposes and credit can be used by Slovnaft and companies that are members of the Slovnaft  Group, the company says. Slovnaft is planning large investments. The company launched construction this year on a more than €200 million polyethylene production plant, and total investment in plastics will exceed €300...

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