NLB as the organiser and agent helped the Interblock Group sign with five banks a syndicated loan of USD 72 million (long-term) and EUR 30 million (export credit line)

4. julij 2018

A few days ago, the companies Interblock d.d. and Interblock USA L.C. signed with five Slovenian banks a contract on a long-term syndicated loan of USD 72 million and a mid-term revolving facility of EUR 30 million. The Slovenian banks have this way provided the company, which is one of the leading suppliers of electronic components for the gambling industry, with funds for their future business development and growth in foreign markets. The consortium of the banks in which Nova Ljubljanska banka played the role of the organiser and agent consists of: Abanka, Addiko bank, NLB, Nova KBM and SID bank. This syndicated loan proves that the domestic banks can also provide a quality financial support to strongly internationally-oriented companies such as Interblock, which operates on all the continents exporting practically 100% of its products to foreign markets.

The Interblock Group continues to grow and strengthen its global business operations in Europe, Northern and Southern America, Asia and Australia. The new syndicated loan is meant to be used for new investments and appropriate refinancing of their current liabilities. It gives the Interblock Group the long-term financial stability for future investments in a higher volume of business, which will in turn help them maximise their focus on development of most advanced products and services for clients, which the Interblock Group is best known for.    

Joc Pečečnik, the founder of Interblock, said on this occasion: »A good financial structure is one of the basic conditions for good performance. The Interblock Group is in the period of intense growth and rising value, along with constant innovations and implementations of new products and solutions in the market. We are proud that together with NLB as our agent, SID bank as the key supporter of Slovenian exports and all the participating banks we were able to make this financing package, which will enable growth and good results, not just for Interblock but indirectly also for a number of Slovenian suppliers cooperating with us. Global operations are extremely complex. Our goal is to keep one step ahead in our industry by developing the best products. It is therefore very important that we have on our side strong banking partners, like now, with knowledge and experience, because this makes our financial side of operations much more simple and it helps Interblock to remain, with an even greater motivation, the leading company in the development and sale of machines for the global gambling industry.«

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