Published by Global Banking & Finance Review®
Posted on July 25, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleFortenova Grupa has secured a 550 million euro refinancing deal with Unicredit and Zagrebacka Bank, marking a significant financial milestone for Croatia's largest food producer.
(Reuters) -Croatia's largest food producer and retailer, Fortenova Grupa, has agreed a 550 million euro ($645 million) refinancing deal with Unicredit and Zagrebacka Bank, the company said on Friday.
"With this arrangement, which represents the largest private corporate financing in Republic of Croatia arranged by one banking group, Fortenova Group makes an important step in further stabilisation and strengthening of its financial position," the company said.
Formerly known as Agrokor, Fortenova is one of the biggest companies in southeastern Europe. It was saved from bankruptcy in a restructuring deal with local and foreign creditors in mid-2018.
The company said this was its first banking financing since it was founded in 2019.
"Since ... 2019 we have cut gross debt from 2 billion euros to 650 million euros and at the same time more than doubled the Group's EBIDTA," said CEO Fabris Perusko.
The effective date for the debt refinancing is October 1.
($1 = 0.8526 euros)
(Reporting by Daria Sito-Sucic, Editing by Louise Heavens)
Corporate financing refers to the methods and strategies companies use to raise capital for their operations, including loans, equity financing, and issuing bonds.
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure of a company's overall financial performance.
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