Grupa Azoty with PLN 1.5 bln additional credit

Chemicals producer Grupa Azoty signed an agreement with four banks: PKO BO, BGK, BZ WBK and ING BSK to increase the amount of its renewable credit signed originally in April 2015 from PLN 1.5 billion to PLN 3 billion, including the refinancing of the original PLN 1.5 billion. The loan is set to be repaid within seven years. Grupa Azoty is the second largest producer of nitrogen-based fertilizers in the EU. Its consolidated revenue came in at PLN 9.62 billion in 2017.