Digi's RCS&RDS Borrows EUR150M from Bank Syndicate

Digi's RCS&RDS Borrows EUR150M from Bank Syndicate

12.16.2020

RCS&RDS, part of Digi Communications, has signed a senior facility agreement for two loans amounting to EUR150 million with a banking syndicate consisting of Citigroup Europe- Dublin Romanian Branch, ING Bank-Bucharest Branch and Unicredit Bank, to refinance previous loans and for investments.

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Analysis

Romania’s Automotive Industry Loses EUR5B in Revenue Due to Production Halt in Spring Romania’s Automotive Industry Loses EUR5B in Revenue Due to Production Halt in Spring

The revenue of Romania’s automotive industry shrank by 15% from more than EUR30 billion in 2019 to some EUR25 billion this year, data from Romania’s carmaker association ACAROM shows.