BANKING AND FINANCE

We advise borrowers and lenders, including international financial institutions, in relation to, bilateral and syndicated loans, revolving lines of credit, supplier credit facilities,  corporate, asset finance, and project finance issues, guarantee assignments, security interests, export credit facility, aircraft and ship mortgages, collection of promissory notes, enforcement of security agreements, seizure of mortgaged collateral. We advise  banks and non-banking financial companies with regard to the establishment of fully owned subsidiaries in Romania. We advised underwriters in connection with IPOs of multinationals with subsidiaries in Romania, sale of Senior Notes issued by a parent company of a Romanian subsidiary. We advised a mobile telephone operator re financing the acquisition of a cellular telecommunications network equipment.

We advised:

• the borrower, Tiriac Bank in relation with a loan and equity participation of EBRD;

• the lender, EBRD in relation to a US$ 11,000,000 loan to a major international soft drinks  producer for the purposes of  development of soft drink facilities in Romania;

• the lender, EBRD in connection with a loan and equity participation in a Romanian based joint venture of a major telecommunications equipment manufacturer;

• the lender, EBRD in relation to a proposed project loan to a  hotel venture for the purposes of  project completion;

• Alpha Bank Athens with regard to the registration of Bucharest Bank, the first bank fully owned by foreign investors in Romania;

• the lender, Christiania Bank Oslo, as lead arranger with regard to multipurpose credit facilities of US$45,000,000 and a US$64,000,000 respectively provided to a major Romanian shipping company;

• the lender, Bank Mees & Hoope Rotterdam with regard to a loan of US$ 7,000,000 provided to a major Romanian shipping company;

• the lender, Den Norske Bank Copenhagen with regard to an aircraft mortgage;

• the lender, International Finance Corporation in connection with a loan of US$ 5,000,000 to a  Romanian leasing company for the purpose of business development;

• the lender, Creditanstalt Vienna in relation to two loan agreements;

• Chemical Bank with regard to the operations of the Bucharest branch;   

• the lender, Barclays Bank London with regard to two ship mortgages;

• the lender, Royal Bank of Scotland London with regard to a ship mortgage;

• the supplier, Starion, a British cosmetics company with regard to a credit supply agreement;

• the lender, Societe Generale London with regard to the sale of a ship;

• EBRD in connection with a proposed equity participation in the Romanian subsidiary of Losan, a Spanish wood processing company for the purposes of developing a greenfield project in Romania;

• a manufacturer, Bell Helicopter Textron with a credit supply agreement and aircraft mortgage;

• the borrower, Telemobil SA, a telecommunication services provider in relation to a US$ 64,000,000 supplier credit facility for the purposes of digitalisation of the cellular telephone network;

• the borrower, Oriflame Cosmetics S.A. a major Swedish cosmetics company in relation with an EUR 325,000,000 A/B credit facility;

• the lender, Skandinaviska Enskilda Banken Ab, as lead arranger in relation to an EUR 325,000,000 A/B credit facility;

• the lender, Standard Bank London with regard to a guarantee assignment;

• the lender BNP Paribas Frankfurt,  with regard to 100,000,000 EUR senior facilities, and 30,000,000 EUR mezzanine facilities to a borrower, which has a Romanian subsidiary;

• the lender, Dexia Bank Belgium with regard to ship mortgage issues;

• the lender, Nordea Bank with regard to an export credit facility in the aggregate principal amount of up to EUR 6,034,205;

• Kreditanstalt für Wiederaufbau Bank Frankfurt re project finance, security issues re financing of a rolling stock project;

• Mood Media Group S.A. re project finance matters regarding security to be granted by the Romanian subsidiary;

• Actavis Group with regard to loan facilities arranged by J.P. Morgan, HSBC, and UBS;

• Navimer, Belgium re ship mortgage issues;

• Profireal Group re establishment of a non-banking financial company in Romania, licensing requirements;

• Actavis Group re a security package re debt financing of an acquisition;

• Lloyds TSB regarding secondary loan trading;

• UNICREDIT, Italy regarding a Bridge Loan and Senior Loan and related security;
  
  
• Actavis Group re a term loan and multicurrency acquisition and capital expenditure facilities.