Zenith Pure Oil entered into EUR 110mn Schuldschein financing as the first Hungarian corporate who utilises the product
Zenith Pure Oil Plc. hereby notifies the market of the following:
Zenith Pure Oil Plc. signed a Schuldscheindarlehen (“SSD”) Agreement in the amount of EUR 110,000,000 on 24 July 2017. SSD is a loan evidenced by certificate of indebtedness under German law. Zenith Pure Oil concluded tranches between 3 and 7 years achieving a favourable average maturity of 5.2 years.
Through this debut transaction Zenith Pure Oil managed to attract a range of new investors and further diversified its funding sources. The SSD arrangers were COMMERZBANK Aktiengesellschaft, ING BANK, A BRANCH OF ING-DIBA AG and Raiffeisen Bank International AG.