CEC Bank coordinated a syndicated loan of 20 million euros for AAylex One, a company in the food industry, the owner of the Cocorico brand, informs the bank.

„The AAylex One group, one of the main players in the Romanian food industry, owner of the Cocorico brand, signed a syndicated credit facility worth 20 million euros to support the company’s operational activity and development in the same trend from the last few years. The transaction was coordinated by CEC Bank, which acted as lead coordinator, facility and guarantee agent,” the press release reads.

According to the cited source, CEC Bank grants the owner of the Cocorico brand 10 million euros. Alpha Bank also grants 10 million euros, while Exim Banca Romaneasca acts as guarantor in the name and on behalf of the state. The loan is granted with possible withdrawals in euros or RON.

PCF Investment Banking acted as the exclusive financial consultant of AAylex ONE in the structuring, negotiation and implementation of the transaction, while the law firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) provided legal assistance to AAylex One in terms of structuring, drafting and the negotiation of financing documentation.

The AAylex Group began its existence with the poultry farm in Buzau, later it was developed and consolidated, through the creation of new facilities, the acquisition of certain production units, as well as the development of greenfield production units. In 2021, the agro-food corporation AAylex One SA was created. The group includes companies with complementary activities, such as AAylex Agro Cooperativa Agricola, whose business is the manufacture of animal feed, or AAylex Group Ltd., whose business is the marketing of Cocorico products on the UK market.

AGERPRES