Murapol Group with two strong banking syndicates optimizes financing

Murapol restructured the existing debt and obtained, on favorable terms, a new loan from mBank and Bank Pekao SA in the amount of PLN 350 million. One of the largest Polish housing developers is consistently implementing the plan to rationalize the financing structure supporting the sustainable development of the developer's nationwide activity.

The Murapol capital group has gained a partnership of two strong banking institutions in the form of syndicated refinancing in the total amount of PLN 350 million. Previously, the Murapol Group used many debt products, such as bank loans in commercial and cooperative banks, corporate and retail bonds, loans from shareholders, or factoring lines.

“We consistently implement the strategy of strengthening the Group in terms of organization and operation and improvement of financial parameters, including the effectiveness of debt management and collateral. We strive to align key aspects of business financing with listed developers. At this point, I would like to thank all the financiers to date for many years of exemplary cooperation and trust in our company,” Nikodem Iskra, President of the Management Board of Murapol, said.

The successfully completed refinancing project allows to organize the debt structure and improve cooperation with lenders by concentrating the entire Group's debt in one banking syndicate. As a result, the expected optimization of the use of funds by the Group opens up further prospects for additional financing.

(WBJ)