EBRD lends Tele-Fonika Kable PLN 250 mln

The European Bank for Reconstruction and Development (EBRD) is providing PLN 250 million (€59 million equivalent) to the Polish cable and wire producer Tele-Fonika Kable SA (TFK) as part of a PLN 1.1 billion refinancing package arranged by the commercial lenders BZ WBK and mBank, a press release read. The funding will support the implementation of an extensive financial and operational restructuring programme. It will include: completion of the company’s integration and consolidation process, improvements in IT infrastructure and expansion into the high-tech production sector, the press release also read. TFK was founded in 1992.