NNDKP successfully assisted a syndicate of banks - comprising Banca Comercială Română S.A. (member of Erste Group), acting as Bookrunner, Mandated Lead Arranger, Documentation Agent and Facility and Security Agent, CEC Bank as Mandated Lead Arranger, and participating banks EximBank SA, Intesa Sanpaolo Romania SA and OTP Bank Romania SA – in granting an EUR 90 million loan facility to the Carmistin Group, one of the main players on the agricultural and zootehnical market in Romania.
This is the most important local syndicated loan transaction carried out in the agribusiness sector in 2020 and one of the most complex transactions that has ever been carried out in this field.
This complex facility will be used by over 20 companies of Carmistin Group to financetheir investment projects, refinancing their existing bilateral financial debt, as well as for working capital needs.
“In the current economic context, it has become more important than ever to be able to support the local companies that carry out their activity in strategic fields, such as agriculture. At the core of this transaction is a cooperation based on trust and it constitutes the ground of a long-term partnership. For us it is important to be able to identify solutions that may support the development strategy of Carmistin Group. It is a business based on innovation, that is in compliance with the European standards for sustainable agriculture and ensures the highest standards of safety and food quality. We are honoured to have had the chance of this collaboration and very pleased to have worked in close cooperation with the NNDKP team”, stated Ana Maria Samuila, Head of Agribusiness Department, BCR.
The NNDKP team involved in this transaction was coordinated by Valentin Voinescu, Partner in the Banking and Financing practice area, and included Alexandru Ciambur and Cătălina Dan, assosciates in the same practice area.
“We are very proud that we provided assistance to BCR and the other financing banks in this benchmark transaction that tests and confirms the capacity of the Romanian banks and of the NNDKP team to provide high standard tailor – made solutions to the very ambitious Romanian entrepreneurs as well as to other key clients of the banking system, even if we are in the context of this very difficult year ”, stated Valentin Voinescu, Partner.
The NNDKP team dedicated to the Banking and Financing practice has constantly been involved in complex projects of certain financial institutions and international and local companies, including transactions that were implemented for the first time in Romania and have become benchmark transactions in the field. During the past three years, the members of the team were involved in projects in the field of financing, banking and restructuring the amount of which exceeds EUR 3.5 billion.