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 lender, Bluecrest Special Situations Master Fund, an investment fund, re a Facility Agreement of EUR 15,000,000;

• the lender, The Sumitomo Trust & Banking (London Branch) re a revolving credit facility to Yazaki Component Technology S.R.L;

• the borrower, American Colony, re two Facilities Agreements totalling about
  EUR 40,000,000 between its Romanian subsidiaries, as Borrowers, and MKB Romexterra Bank S.A.;

• the lender, Unicredit Banca d’Impresa, regarding a Bridge Loan and Senior Loan to Sider Sipe S.A. and Ductil Steel S.A., totalling EUR 154,000,000, and related security;

• the borrower, Actavis Group, re two Facilities Agreements with Deutsche Bank, totaling EUR 2,650,000,000, security provided by the Romanian subsidiaries;

• the borrower, MFS Holding, a Mitsubishi subsidiary re multicurrency term loan and revolving credit agreement  with The Bank of Tokyo as a lender;

• the borrower, Actavis Group re term loan and multicurrency acquisition and capital expenditure facilities;

• CA IB Securities (Romania) re templates of Financial Services Agreement and related documentation, templates of Loan Agreement re derivatives market, and Loan Agreement re spot market;

• the lender, Nordea Bank re a Loan Agreement to a Romanian company, and Guarantee;

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

• Lloyds TSB re secondary loan trading;

• the lender, Steel Plus, re two loans to Romanian companies; 

• the borrower, Amromco Energy, in relation to a revolving line of credit opened by Societe Generale Bucharest for the construction and upgrade of oil and gas wells;

• the borrower, KASTAMONU ENTEGRE Turkey re financing equipment purchase by Prolemn, its Romanian subsidiary;

• the lender, Navimer, Belgium re ship mortgage issues;

• the borrower, Actavis Group re loan facilities arranged by J.P. Morgan, HSBC, and UBS;

• the borrower, Mood Media Group re project finance matters resecurity to be granted by the Romanian subsidiary;

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

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

• the lender, Dexia Bank Belgium re ship mortgage issues;

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

• the underwriters, Goldman Sachs New York, and Lazard Freres Canada,  in connection re a sale on the US market of an aggregate of US$ 225,000,000 principal amount of 12.50% Senior Notes due 2010 issued by the parent company of a Romanian mobile telephone company;

• the lender, Standard Bank London re a guarantee assignment;

• the lender, Skandinaviska Enskilda Banken, as lead arranger re a credit facility;

• the borrower, Oriflame Cosmetics a major Swedish cosmetics company re a 325,000,000 EUR A/B credit facility;

• the lead underwriter, Merrill Lynch London re IPOs of  Oriflame, and Geox with subsidiaries in Romania; 

• the borrower, Telemobil, a telecommunication services provider re a 64,000,000 USD supplier credit facility for the purposes of digitalisation of the cellular telephone network;

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

• EBRD re 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;

• the lender, Societe Generale London re the sale of a ship; 

• the supplier, Starion, a British cosmetics company re a credit supply agreement;

• the lender, Royal Bank of Scotland London re a ship mortgage; 

• the lender, Barclays Bank London re two ship mortgages;

• Chemical Bank re the operations of the Bucharest branch;

• the lender, Creditanstalt Vienna re two loan agreements with the Romanian Bank for Foreign Trade;

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

• the lender, Den Norske Bank Copenhagen re an aircraft mortgage;

• the lender, Bank Mees & Hoope Rotterdam re a loan of  7,000,000 USD provided to a major Romanian shipping company;

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

• Alpha Bank, Greece re the registration of Bucharest Bank, the first bank fully owned by foreign investors in Romania;

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

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

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

• the borrower, Tiriac Bank re a loan and equity participation of EBRD.