Netafim has signed a 5-year, $500-million financing facility agreement, led by Bank Hapoalim.| glObserver Global Economics


Netafim, the world leader in irrigation, announced today that it has signed a 5-year, $500-million financing facility agreement. The facility is comprised of $150 million long-term loan and $350 million of revolving short term loans and lines of credit for working capital and project-related guarantees.

Source: globserver.cn

“The financing facility will be used for strategic increase purposes in developing markets such as India, China, Brazil and Africa, and will enable us to significantly increase our involvement in large irrigation projects,” said Ran Maidan, Netafim CEO.

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Author: globserver

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