News

NNDKP Assists AAylex Group in Securing a EUR 20 Million Financing for the Group’s Expansion in Romania and in the Acquisition of Banvit Foods Romani...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) successfully assisted AAylex Group, one of the leading Romanian players in the food industry, controlled by entrepreneur Bogdan Stanca as majority shareholder, in securing the funds necessary for the Group’s expansion in Romania through the acquisition of Banvit Foods Romania. The AAylex Group, having former enterprise Avicola Buzau as its starting point, covers various operations ranging from genetics, feed production, breeding, incubation, broiler chicken farming to slaughtering and the distribution of processed chicken meat and value-added…

NNDKP Assists a Syndicate of Banks in connection with a RON 84.5 million Financing Granted to Rodbun Group

NNDKP successfully assisted a syndicate of banks in connection with a RON 84.5 million (approximately EUR 17.2 million) financing granted to Rodbun Group, one of the leading agribusiness companies in Romania.

An Alternative Financing Tool: Convertible Bonds

Given the current macroeconomic outlook and the solid impacts of COVID-19 on the Turkish market, it has become much harder for Turkish companies to satisfy their financing needs by accessing conventional financing sources with lower interest rates. Convertible bonds may be considered as an attractive financing instrument for these companies and become an alternative path to raise capital.

NNDKP Assisted a Syndicate of Banks in Providing a Loan to Carmistin Group

NNDKP successfully assisted a syndicate of banks in granting a EUR 90 million loan facility to the Carmistin Group, one of the main players on the agricultural and zootechnical market in Romania.

BOYANOV & Co. Advised Ideal Standard Vidima

BOYANOV & Co. advised Ideal Standard Vidima on a syndicated (club deal) EUR 65 million financing, provided by DSK Bank (EUR 45 million) and United Bulgarian Bank (EUR 25 million).

BDK Advokati Advised EBRD and ENEF on a EUR 12 Million Loan in Serbian IT Sector

BDK Advokati advised the European Bank for Reconstruction and Development (EBRD) and the Enterprise Expansion Fund (ENEF) on their recent closing of a EUR 12 million secured credit facility loan to the software developer and technology research and development service provider, High Tech Engineering Center (HTEC).

Polenak Law Firm Advised NLB Banka AD Skopje

Polenak Law Firm advised NLB Banka AD Skopje as mandated lead arranger, аgent and lender in a EUR 72 million syndicated lending for financing the construction of East Gate Mall in Skopje.

Maric & Co Advised the EIB

Branko Maric, managing partner at Maric & Co Law Firm, acted on behalf of the European Investment Bank in respect of a loan granted to a local bank in Bosnia and Herzegovina
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NNDKP and BOYANOV & Co. Advised Banca Comerciala Romana S.A.

Nestor Nestor Diculescu Kingston Petersen advised Banca Comerciala Romana S.A., the lender, in respect to the financing of an office project in Cluj-Napoca, one of the most vivid economic hubs in Romania.

COVID-19

Issues to be Careful about in Financing Agreements in Light of COVID-19

COVID-19 is a major threat to the world economy and the financial sector. It is for this reason that measures adopted by governments all over the world due to the pandemic as well as governmental decisions for certain sectors continue to affect commercial relations.

New Law on Amendments to the Emergency Act in Bulgaria

On 9 April 2020 a Law on Amendments to the Emergency Act in Bulgaria was published in the State Gazette.

COVID-19 Related Payment Moratorium on Financings in Bulgaria

The COVID-19 pandemic has multiple effects on the economy. Many businesses struggle to survive and are or may become unable to service their bank debt in the same way as they did before the outbreak of the pandemic. Governments and central banks around the world are imposing various emergency measures and taking actions to support the economy, the business and households in this emergency situation.