NNDKP Assists a Syndicate of Banks in Extending USD 150 million Credit Facilities for ALRO SA for Another Three Years

NNDKP Assists a Syndicate of Banks in Extending USD 150 million Credit Facilities for ALRO SA for Another Three Years

December 2023

Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted a syndicate of banks with the amendment and extension until 2026 of USD 150 million working capital credit facilities for ALRO S.A., one of the largest vertically integrated aluminum producers in Europe, by production capacity.

The syndicate of banks was coordinated by Exim Banca Românească and included Banca Comercială Română SA (BCR), OTP Bank Romania, CEC Bank, UniCredit Bank, Alpha Bank Romania and Banca Transilvania.

NNDKP assisted the banks on the Romanian law aspects throughout the project, advising on the structuring aspects, drafting and negotiation of the financing documents, and all the other aspects customary for this type of transaction. The transaction involved a complex financing and security structure, including inter-creditor arrangements to harmonise the position with other lenders.

The NNDKP team involved in this transaction included Partner Alina Radu and Associate Catalina Dan, from the Banking and Finance practice.

“We are honored to have advised the syndicate of prominent Romanian banks in this challenging transaction, which will help ALRO with its long-term plans. The financial backing provided by some of the most important credit institutions in Romania reaffirms their commitment towards supporting high-added value businesses”, declared Alina Radu, Partner at NNDKP.

NNDKP’s Banking & Finance team has constantly advised clients in complex finance transactions, including corporate finance, project finance, or acquisition finance projects. The members of the team have been involved in landmark transactions in Romania for clients active in a diverse range of sectors, such as agribusiness, energy, real estate, infrastructure, FMCG, production, or technology. NNDKP’s Banking and Finance lawyers are constantly recognized for their outstanding legal work by the reputable international legal directories Chambers and Partners, The Legal 500, and IFLR 1000, with the head of practice, Partner Alina Radu, being included in the Legal 500 Hall of Fame and the IFLR 1000 Women Leaders guide, among the most prominent female lawyers in the world.

December 2023

Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted a syndicate of banks with the amendment and extension until 2026 of USD 150 million working capital credit facilities for ALRO S.A., one of the largest vertically integrated aluminum producers in Europe, by production capacity.

The syndicate of banks was coordinated by Exim Banca Românească and included Banca Comercială Română SA (BCR), OTP Bank Romania, CEC Bank, UniCredit Bank, Alpha Bank Romania and Banca Transilvania.

NNDKP assisted the banks on the Romanian law aspects throughout the project, advising on the structuring aspects, drafting and negotiation of the financing documents, and all the other aspects customary for this type of transaction. The transaction involved a complex financing and security structure, including inter-creditor arrangements to harmonise the position with other lenders.

The NNDKP team involved in this transaction included Partner Alina Radu and Associate Catalina Dan, from the Banking and Finance practice.

“We are honored to have advised the syndicate of prominent Romanian banks in this challenging transaction, which will help ALRO with its long-term plans. The financial backing provided by some of the most important credit institutions in Romania reaffirms their commitment towards supporting high-added value businesses”, declared Alina Radu, Partner at NNDKP.

NNDKP’s Banking & Finance team has constantly advised clients in complex finance transactions, including corporate finance, project finance, or acquisition finance projects. The members of the team have been involved in landmark transactions in Romania for clients active in a diverse range of sectors, such as agribusiness, energy, real estate, infrastructure, FMCG, production, or technology. NNDKP’s Banking and Finance lawyers are constantly recognized for their outstanding legal work by the reputable international legal directories Chambers and Partners, The Legal 500, and IFLR 1000, with the head of practice, Partner Alina Radu, being included in the Legal 500 Hall of Fame and the IFLR 1000 Women Leaders guide, among the most prominent female lawyers in the world.