R22 Repays EUR 3m PFR TFI Loans Two Years Ahead of Schedule

R22 has repaid two EUR 3m loans from PFR TFI’s Foreign Expansion Fund two years ahead of schedule. The loans, drawn in 2018, funded the Group’s Romanian and Croatian hosting acquisitions (9 companies in 4 years). International revenues now account for over 40% of Group revenues.

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R22 has repaid EUR 3m in loans from PFR TFI’s Foreign Expansion Fund two years ahead of schedule. The loans, drawn in 2018, financed the Group’s hosting acquisitions in Romania and Croatia — nine companies in four years. Romania alone now generates annual revenues of approximately PLN 30m. International revenues account for over 40% of Group revenues. Early repayment was made possible by strong operating cash generation.