A syndicate of nine foreign and domestic banks led by Nova Ljubljanska banka Ljubljana as the arranger & agent signed a new seven-year syndicated contract worth EUR 230 million with two largest companies of the SIJ Group SIJ Acroni and SIJ Metal Ravne in order to refinance the existing portfolio of loans, obtain new liquidity reserves for the long-term development of the SIJ Group and finance the investments aimed at improving environmental efficiency. In line with the SIJ’s strategy until 2025, the SIJ Group’s investment projects are focused on increasing the efficiency of production and sustainable development, particularly environmental projects, operating in accordance with the principles of circular economy and energy efficiency.In addition to NLB, Nova Kreditna banka Maribor, SID Slovenska izvozna in razvojna banka Ljubljana, SKB banka jubljana, Erste Group Bank AG, Banka Sparkasse, Banka Intesa Sanpaolo., UniCredit Banka Slovenija and European Bank for Reconstruction and Development also participated in the syndicate, which is an important indicator of the banks’ trust in the operations and orientation of the SIJ Group towards a sustainable economic growth. The EBRD’s participation in the loan is EUR 25 million for the support of the SIJ Group’s projects that will additionally reduce its impact on the environment.Ljubljana Slovenija headquartered SIJ Group is the largest vertically integrated steel producer in Slovenia and a leading Slovenian exporter with a strong presence in the international markets. SIJ Group already has one of the lowest carbon footprints in the steel industry globally, manufactures its products from 100% recyclable steel scrap and is aligned with the EU Taxonomy. SIJ Group consists of five divisions1. Steel Division (two of the largest Slovenian steel mills, SIJ Acroni and SIJ Metal Ravne)2. Manufacturing Division (SIJ Ravne Systems, SIJ Elektrode Jesenice, SIJ SUZ companies)3. Distribution and Processing Division (Slovenian, EU, and USA markets)4. Scrap Division (Slovenia and South-Eastern Europe)5. Headquarter & Other ServicesThe key production programs include high-quality steel products, such as:Stainless steels (heavy plates)Alloy tool steels (rolled and forged products)Special steels (high-strength and wear-resistant)Non-oriented electrical steels
A syndicate of nine foreign and domestic banks led by Nova Ljubljanska banka Ljubljana as the arranger & agent signed a new seven-year syndicated contract worth EUR 230 million with two largest companies of the SIJ Group SIJ Acroni and SIJ Metal Ravne in order to refinance the existing portfolio of loans, obtain new liquidity reserves for the long-term development of the SIJ Group and finance the investments aimed at improving environmental efficiency. In line with the SIJ’s strategy until 2025, the SIJ Group’s investment projects are focused on increasing the efficiency of production and sustainable development, particularly environmental projects, operating in accordance with the principles of circular economy and energy efficiency.In addition to NLB, Nova Kreditna banka Maribor, SID Slovenska izvozna in razvojna banka Ljubljana, SKB banka jubljana, Erste Group Bank AG, Banka Sparkasse, Banka Intesa Sanpaolo., UniCredit Banka Slovenija and European Bank for Reconstruction and Development also participated in the syndicate, which is an important indicator of the banks’ trust in the operations and orientation of the SIJ Group towards a sustainable economic growth. The EBRD’s participation in the loan is EUR 25 million for the support of the SIJ Group’s projects that will additionally reduce its impact on the environment.Ljubljana Slovenija headquartered SIJ Group is the largest vertically integrated steel producer in Slovenia and a leading Slovenian exporter with a strong presence in the international markets. SIJ Group already has one of the lowest carbon footprints in the steel industry globally, manufactures its products from 100% recyclable steel scrap and is aligned with the EU Taxonomy. SIJ Group consists of five divisions1. Steel Division (two of the largest Slovenian steel mills, SIJ Acroni and SIJ Metal Ravne)2. Manufacturing Division (SIJ Ravne Systems, SIJ Elektrode Jesenice, SIJ SUZ companies)3. Distribution and Processing Division (Slovenian, EU, and USA markets)4. Scrap Division (Slovenia and South-Eastern Europe)5. Headquarter & Other ServicesThe key production programs include high-quality steel products, such as:Stainless steels (heavy plates)Alloy tool steels (rolled and forged products)Special steels (high-strength and wear-resistant)Non-oriented electrical steels
