BOYANOV & Co. Advised Credit Suisse and Morgan Stanley

BOYANOV & Co. Advised Credit Suisse and Morgan Stanley

BOYANOV & Co. acted as Bulgarian legal advisor to Credit Suisse and Morgan Stanley as initial purchasers on the issuance of EUR 275 million secured notes by Standard Profil Automotive GmbH (Germany).

Standard Profil Group is a leading supplier, established in 1977, producing sealing profiles for automotive manufacturers all around the world. The Group has a wide and prestigious customer portfolio, including brands of BMW Group, Daimler, FCA, VW Group, Renault-Nissan, Toyota, etc. and has subsidiaries in Turkey, Mexico, Bulgaria, Germany, Spain, etc.

The notes are guaranteed by certain subsidiaries of the issuer, including the Bulgarian subsidiary – Standard Profil Bulgaria EAD and secured by liens over the shares and assets of the Issuer and each Guarantor, including the Bulgarian subsidiary.

The transaction was closed on 10 May 2021.

BOYANOV & Co.’s assistance included review and issuing of a legal opinion of the transaction documents from a local law perspective and on the Bulgarian law-governed securities for the notes, drafting and negotiating the Bulgarian law-governed security package and providing overall support regarding Bulgarian law matters on the deal.

The lead counsels on the transaction were Freshfields Bruckhaus Deringer, acting for the Security Agent and the Initial Purchasers and Mayer Brown, acting for the Issuer and its subsidiaries.

BOYANOV & Co.’s team was lead by partner Damian Simeonov and included senior associate Ralitsa Nedkova.

BOYANOV & Co. acted as Bulgarian legal advisor to Credit Suisse and Morgan Stanley as initial purchasers on the issuance of EUR 275 million secured notes by Standard Profil Automotive GmbH (Germany).

Standard Profil Group is a leading supplier, established in 1977, producing sealing profiles for automotive manufacturers all around the world. The Group has a wide and prestigious customer portfolio, including brands of BMW Group, Daimler, FCA, VW Group, Renault-Nissan, Toyota, etc. and has subsidiaries in Turkey, Mexico, Bulgaria, Germany, Spain, etc.

The notes are guaranteed by certain subsidiaries of the issuer, including the Bulgarian subsidiary – Standard Profil Bulgaria EAD and secured by liens over the shares and assets of the Issuer and each Guarantor, including the Bulgarian subsidiary.

The transaction was closed on 10 May 2021.

BOYANOV & Co.’s assistance included review and issuing of a legal opinion of the transaction documents from a local law perspective and on the Bulgarian law-governed securities for the notes, drafting and negotiating the Bulgarian law-governed security package and providing overall support regarding Bulgarian law matters on the deal.

The lead counsels on the transaction were Freshfields Bruckhaus Deringer, acting for the Security Agent and the Initial Purchasers and Mayer Brown, acting for the Issuer and its subsidiaries.

BOYANOV & Co.’s team was lead by partner Damian Simeonov and included senior associate Ralitsa Nedkova.