The money will be used to refinance existing loans and provide working capital financing to the company.
The funding will contribute to a restructuring of Nissal’s balance sheet, improving the maturity structure of its liabilities and strengthening it as it gears up for future business.
As a result of the bank’s involvement, another existing creditor will extend the maturity of its remaining debt and approve letter of credit and guarantee line in order to support the planned growth of the operations.
Nissal processes aluminium into profiles, bars, doors, windows and facades. It exports to Germany and Russia, as well as to neighbouring countries.