TOI Commodities SA has secured enhanced financing to further strengthen agricultural trade in the Danube region, surpassing initial expectations.
The company is delighted to confirm the successful execution of the Facility Agreement for the refinancing and enlargement of its Borrowing Base Facility (BBF), effective 1 July 2025. The Facility has grown from USD 182.5 million to USD 295 million — an increase of 78% — which includes a $30 million commitment scheduled to join at a later stage.
Key transaction details:
Total committed Borrowing Base Facility: USD 295 million (with plans to expand to USD 325 million)
Facility structure: Two tranches – Tranche A with a tenor of 1+1 years, and Tranche B with a tenor of 2+1 years
The Facility will be utilised to support the origination and export of agricultural commodities from the Black Sea region and export them via the Danube waterways, connecting Moldova and Romania. This enhanced financing will enable TOI Commodities SA to strengthen its operations and further contribute to the region’s agricultural trade flows.
The transaction was arranged by ING, acting as Sole Arranger, Documentation Agent, Facility Agent, and Security Agent. General syndication commenced on 17 April, with approximately 20 lenders invited to participate in the USD 270 million BBF. Though initially considered ambitious by the market, this fundraising target exceeded expectations, resulting in a near doubling of the Facility size. The syndicated group now comprises 16 lenders after syndication.
New participants include Access Bank London, Access Bank Malta, Anadolu Bank, BIC-Bred Geneva, and Nexent (formerly known as Credit Europe). They join a strong group of existing lenders: ING, Black Sea Trade and Development Bank, the FMO, Citi, FIM Bank, OTP Nyrt, OTP SA, Rabobank, RBI, and Unicredit acting as BMLA.
“In today’s fractured geopolitical environment, closing a funding deal requires building investor confidence through transparent governance, adaptive financing structure and tangible safeguards across the supply chain” says Vaja Jhashi, Chairman of the Board of Trans-Oil Group. “This upsized facility provides the bedrock for the group to pursue its commercial expansion and development on a regional scale.”
The Trans-oil group expresses its sincere thanks and appreciation to all lenders, partners, and stakeholders involved in making this milestone possible.
