Bernitsas Law acted as Greek law counsel to Santander UK plc, in its capacity as Agent, Arranger, Original Hedge Counterparty, Security Agent and the Original Lender, in connection with the amendment and restatement of a $27m facilities agreement originally dated 30 May 2019 involving a multinational group of companies active in the telecommunications sector. The security interests for the facilities agreement include among others, security over shares in the group companies in several jurisdictions, including Greece.
Santander UK is a large retail and commercial bank based in the UK and a wholly-owned subsidiary of the major global bank Banco Santander.
Partner Athanasia Tsene advised on this transaction, assisted by Associate Odysseas Fokas.