According to the EBRD, the project consists in the provision of up to EUR 30 million revolving working capital facility with a 3-year tenor to Petrol d.d. Ljubljana, a joint-stock company listed on the Ljubljana Stock Exchange. The transaction is aligned with and presented under the Resilience and Livelihoods Framework, as it aims to provide liquidity support to help the client and its customers to weather the energy crisis resulting from the war in Ukraine.
The facility will help with the Company's overall liquidity and at the same time will indirectly support the Company's investments in renewables and EV charging infrastructure (by preserving cash flow and ensuring financial stability).
According to the EBRD's, Petrol Group is the leading energy supplier in Slovenia and a key player in SEE region, especially in Croatia. In 2021, Petrol Group reported EUR 5bn revenues, EBITDA of EUR 238m and a moderate leverage of 2.1x. Petrol is rated BBB- (stable outlook) by S&P as of April 2021.
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Client - Petrol Group d.d.:
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