Global law firm White & Case LLP has advised UniCredit Group, as sole co-coordinator and facility agent, in connection with the US$200 million club deal for the Rompetrol Group. UniCredit Bank Austria AG was joined by Citi, JP Morgan and The Royal Bank of Scotland as bookrunners and mandated lead arrangers.
The complex transaction involved analysis, interpretation, negotiation and incorporation work across multiple jurisdictions, including English, Kazakh, Dutch and Romanian law.
"The club deals have become the norm in today's financing environment and it is uplifting to have a deal of such considerable amount given the current international risk adverse context," said partner Delia Pachiu of White & Case Bucharest. "The reputation of the borrower and its parent group, coupled with their publicly announced ambitious investment program for the next several years, have been essential elements in bringing the transaction to a successful signing."
The White & Case team advising UniCredit was led by associate Simona Petrişor, under the supervision of partners Delia Pachiu and Jonathan Weinberg, and comprised lawyers from the Firm’s Bucharest, Prague and Almaty offices.
White & Case's Romania Banking & Finance Practice Group has been exposed to a number of market crafting projects since the opening of the White & Case Bucharest office. Noteworthy examples include advising Hidroelectrica S.A. in connection with a €110 million loan for the rehabilitation of Stejarul Bicaz power plant, advising international multilateral financial institutions in connection with various financings and advising China Development Bank in connection with the €220 million financing of Zapp for the purchase of telecommunications equipment.
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