Stomana III

completed

Based in Pernik, Bulgaria, Stomana Industry S.A. (“Stomana”, or the “Company”) is a leading steel manufacturer in Southern Europe. The Company has been present in the Balkan and international markets for more than 50 years, and produces a wide range of products, including reinforcing steel, heavy plates, merchant bars, special steels, special profiles and sections._x000B__x000B_In June 2001, Sidenor S.A. of Greece, acquired the Company from the Bulgarian State, and assumed responsibility for the overall operation. The transition to the private sector, which constituted a turning point in the company's history, involved a major investment plan aiming at the modernization of the production facilities and the overall restructuring of the company. The proposed project entails the strengthening of the Company’s balance sheet by providing a long-term loan to more closely match the long-term nature of the Company’s productive assets, as well as the support of Stomana’s recent capital investments into machinery and equipment, including a recent purchase of a new electric arc furnace.