NNDKP assists a syndicate of banks in connection with EUR 347 million financing granted to Ameropa Group

Nestor Nestor Diculescu Kingston Petersen (NNDKP) acted as legal advisor for the syndicate of banks granting a financing facility worth EUR 347 million to Swiss-based Ameropa Group. The syndicate of banks was composed of Banca Comerciala Romana SA (BCR) and Raiffeisen Bank SA as joint Initial Mandated Lead Arrangers and Bookrunners, together with ING Bank N.V. Amsterdam – Bucharest Branch and UniCredit Bank S.A., as Mandated Lead Arrangers. BCR acted also as the Documentation, Facility & Security Agent.

NNDKP provided advice on all legal aspects related to the financing, including structuring together with the Arranger a complex set of ancillary and accordion facilities, negotiation and signing of the finance documents.

The syndicated facility will be used by Ameropa Group’s Romanian entities (Azomures, the largest Romanian fertilizers producer, Ameropa Grains SA, the largest grain originator, and Chimpex, market leader in port operations) to finance their working capital needs and thus consolidate Ameropa’s strategic operations in Romania. The deal was significant due to its unique structuring, allowing Ameropa Group to access additional funding of up to €104 million, in line with the increase of the prices of grains and fertilizers.

“We are glad to have assisted once again the syndicate of banks in a new round of financing granted to Ameropa Group and to continue to contribute, indirectly, to the development of the Group’s operations on the Romanian market. The support of some of the most important credit institutions on the local market in this project was fundamental and reaffirms their commitment towards the agri-business sector in Romania”, said Valentin Voinescu, Partner, Banking and Finance Practice, NNDKP.

The NNDKP team advising the syndicate of banks was coordinated by Valentin Voinescu, Partner, Banking and Finance Practice, and included Alexandru Ciambur, Senior Associate, and Catalina Dan, Associate, within the same practice.

NNDKP’s Banking & Finance team has constantly been involved in complex projects concerning corporate finance, project finance, acquisitions of financial institutions and international and local companies, or public sector finance. Over the past years, the members of the team were involved in financing transactions amounting to more than EUR 5 billion in sectors such as agribusiness, energy, real estate, infrastructure, FMCG, production or technology.