Brzeg Dolny, Poland — PCC Rokita has repaid a loan it arrange to fund an expansion early.
The firm said that it repaid the PLN 2.9m it had drawn of a loan of up to PLN 77.5m on 7 August 2017. The company said it did not need access to the full amount and could use funds from its existing arrangements.
Originally, PCC Roktia decided to raise the loan with Bank Gospodarstwa Karjowego to help fund a project to build pre-polymers, polyester polyols, polyurethane systems and infrastructure.
By paying back the outstanding amount of the loan, PCC Rokita said that it has terminated the agreement with the bank.