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Recursos humanos

Ercros renews the syndicated financing agreement

Barcelona, May 8, 2020. - On Wednesday, May 6, 2020, Ercros signed the syndicated financing renewal agreement with a pool of financial institutions.

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The agreement includes the following financial instruments:

  1. A syndicated factoring, with a limit of 102 million euros. The term is four years, extendable to five, and for the first time includes clients in dollars. It is divided into two sections:
    1. a section without recourse, for those clients with guaranteed payment through a credit insurance policy; and
    2. a section with recourse, for those clients not included in the section without recourse.
  2. A revolving loan, amounting to 30 million euros, for a term of four years, extendable to five. This credit includes for the first time an ESG (Environment, Social and Governance) component.
  3. A new specific tranche to finance investments, amounting to 15 million euros, for a period of five years that contains the same ESG component as the revolving credit.

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In figures

  • 1,290 employees
  • 88% at facilities
  • 9% at corporation
  • 3% at commercial network
  • 42% workers
  • 43% technicians
  • 15% administrative



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