Our member firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) advised a syndicate of banks on the USD 260 million loan facility granted to ALRO SA, one of Europe’s largest vertically integrated aluminium producers.
The bank syndicate comprised Banca Comercială Română (BCR), acting as Coordinator of the Syndicate, Mandated Lead Arranger, Bookrunner, Documentation Agent, Facility and Security Agent, Issuing Bank and lender, together with Exim Banca Românească, CEC Bank, Banca Transilvania, Raiffeisen Bank and Intesa Sanpaolo Bank România, as lenders.
NNDKP assisted the banks throughout the financing process, advising on complex matters related to the structuring, drafting and negotiation of the financing documentation, as well as on all aspects specific to this type of transaction.
ALRO SA will use the financing, structured as revolving facilities, to refinance existing debt and to cover working capital needs, offering the group flexibility in its operations.
The NNDKP team that advised on the transaction was led by Alina Radu, Partner and Co-head of NNDKP’s Banking and Finance practice, and included Catalina Dan, Senior Associate, Alexandru Ciambur, Managing Associate, and Diana Vasile, Associate.
NNDKP’s Banking and Finance team consistently advises clients on complex multi-billion-euro financing projects, including corporate finance, project finance and acquisition finance, both local and cross-border. The team’s expertise is acknowledged by specialised international guides such as Chambers Europe, Legal 500 and IFLR1000, which regularly recognise the NNDKP practice and lawyers in their rankings.