RTPR advises Rodbun Grup on new syndicated financing

RTPR has assisted Rodbun Grup SA in relation to a syndicated loan in amount of RON 278 million to cover regular capital needs as well as to support development plans of the group. The financing was granted by a syndicate of banks made of Banca Comerciala Romana, as mandated lead arranger, bookrunner, documentation, facility and warranties agent, and lender, CEC Bank, as mandated lead arranger, bookrunner, documentation agent, facility and warranty agent and lender, Raiffeisen Bank, as mandated lead arranger and lender, Banca Transilvania and Banca Romaneasca as lenders.

Rodbun Grup is a company – integrator of products and solutions in the agricultural field, having 100% Romanian capital, established in 2002.

The RTPR team that provided legal assistance on this project included Victor Pădurari (Partner), Cosmin Tilea (Counsel) and Andreea Stoiciu (Associate).

RTPR worked together with PCF Investment Banking team (previously known as Professional Capital Finance) who provided specialised financial advice to Rodbun Grup.

For the law firm this transaction marks the third mandate received from Rodbun Group, having previously advised on another two syndicated financings in 2018 and 2021.

“We are pleased to have successfully finalised a new transaction in which we assisted Rodbun Grup, this is our second collaboration in less than one year. The agriculture sector plays an essential role in Romania’s economy and the support offered by the banks to Romanian entrepreneurs such as Rodbun Grup, who invest in modern technological solutions which are adapted to new climate reality is promising. On behalf of RTPR team I would like to congratulate our clients for this new financing and to thank them for their trust in our team”, declared Cosmin Tilea.

RTPR Banking & Finance team is one of the most experienced and appreciated in Romania, having a vast expertise in the most important transactions in Romania and in the region. Every year prestigious international legal directories Legal 500 and IFLR1000 position RTPR’s Banking & Finance practice on the top tier in their rankings for Romania, following a detailed research process in which they interview both clients and competitors, lawyers specialised in this area. At the same time several of the firm’s lawyers are recommended as Leading Lawyers in individual rankings.

Selected financings in which RTPR have been recently involved are set out below:

►    Eximbank, as the coordinating mandated lead arranger, as well as the syndicate of banks comprising Banca Comercială Intesa Sanpaolo Romania, Banca Transilvania, CEC Bank, Garanti Bank, ING Bank NV Amsterdam Bucharest Branch, International Bank for Economic Co-operation, OTP Bank Romania, Raiffeisen Bank Romania and UniCredit Bank in relation to the maturity extension of revolving facilities and modification of the syndicate structure under a secured term and multicurrency revolving facilities agreement granted to Alro, as well as in relation to related security
►    Oresa on the financing of the acquisition of logistics and industrial park Solo Iasi from Tester Group owned by Romanian businessman Bogdan Pitigoi
►    BNP Paribas, Crédit Agricole CIB, Credit Suisse, HSBC, Société Générale and UniCredit acting as Underwriters, Mandated Lead Arrangers and Bookrunners, Société Générale and Komerční banka acting as facility agent and security agent, respectively on the EUR1.150 billion financing of the CME acquisition, a media group which also includes ProTV, by PPF Group N.V.
►    A syndicate of banks made up of Raiffeisen Bank International and Raiffeisen Bank Romania as coordinators and Raiffeisen Bank International, Banca Transilvania, UniCredit Bank, Garanti Bank and Intesa SanPaolo Romania as lenders on a credit facility in amount of approximately USD 68 million granted to Alro for covering general corporate needs and working capital of the company as well as future investments
►    The syndicate of banks made up of ING Bank N.V. through ING Bank N.V. Amsterdam – Bucharest Branch, Banca Comerciala Romana, Raiffeisen Bank SA and UniCredit Bank SA on a USD 360 million credit facility granted to KMG International group for covering the regular needs in the group activity
►    An international financial institution on a USD 60 million secured financing to SNTGN Transgaz SA Medias, the national gas transmission grid operator, for the construction of Phase 1 of the Bulgaria-Romania-Hungary-Austria pipeline/corridor (BRUA project)