EBRD lends EUR 5.5mn to Bulgarian printing company Billboard.

By bne IntelliNews January 9, 2013
The EBRD said it approved a EUR 5.5mn loan to Bulgarian printing and publishing company Billboard. The financing, which according to earlier information would have at least 8-year maturity, will be used for debt restructuring and for investment. Billboard designs and manufactures advertising and promotional materials. Its stock is traded on the Bulgarian Stock Exchange (ticker: 4BP) since 2007 when the company raised BGN 11mn in an IPO. The company applied for an EBRD loan in June 2012. It hopes to expand the business in the local and foreign markets, CEO Stefan Genchev said. The loan is arranged under the EBRD-Italy Local Enterprise Facility, which provides long-term financing to small and medium-sized enterprises whose needs are not sufficiently addressed by existing financing facilities.

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