fac-033 · Term loan

Bucur Market SRL

Facility

Term loan

Currency: RON
Commitment: RON 231m
Drawn: RON 227.9m
Undrawn: RON 3.1m
EAD: €46.1m
CCF: 50%
Margin: 425 bps
Maturity: 7 July 2028
Tenor: 27 months

Covenant monitoring

2 breached, 0 within 10% of the threshold

Net lev.

Direction: Maximum Threshold: 3.91 Current: 4.51 Next test: 30 Jun 2026 Quarterly

DSCR

Direction: Minimum Threshold: 1.25 Current: 1.22 Next test: 30 Jun 2026 Quarterly

Collateral

Net of supervisory haircuts

Collateral

Currency

Valuation

Valuation (EUR)

Haircut

Net value

Last valued

Basis

Receivables

RON

RON 225.8m

€45.4m

30%

€31.7m

26 Jan 2026

Independent appraisal

Inventory

RON

RON 307.7m

€61.8m

50%

€31m

6 Feb 2026

Internal model

Total

€62.7m

Tenor

27 months

Quarter

Commitment

Drawn

Undrawn

Δ Drawn

Utilisation

2026-Q1

RON 231m

RON 227.9m

RON 3.1m

n/a

99%

2026-Q2

RON 205.3m

RON 202.6m

RON 2.8m

-RON 25.3m

99%

2026-Q3

RON 179.7m

RON 177.2m

RON 2.4m

-RON 25.3m

99%

2026-Q4

RON 154m

RON 151.9m

RON 2.1m

-RON 25.3m

99%

2027-Q1

RON 128.3m

RON 126.6m

RON 1.7m

-RON 25.3m

99%

2027-Q2

RON 102.7m

RON 101.3m

RON 1.4m

-RON 25.3m

99%

2028-Q1

RON 25.7m

RON 25.3m

RON 346.5k

-RON 76m

99%

2028-Q2

RON 0

-RON 25.3m