December 2024 – Kinstellar is delighted to announce we have advised a syndicate of banks led by BRD Groupe Société Générale and Banca Transilvania on a EUR 73 million syndicated facility to Grup Serban Holding. BRD Groupe Société Générale and Banca Transilvania served as both Documentation Agents and Original Lenders, Raiffeisen Bank Romania joined as Sustainability Agent and Original Lender, with Banca Transilvania further assuming the roles of Facility Agent and Security Agent for the duration of the transaction.
Grup Serban Holding, an entrepreneurial company active in the agricultural sector, will utilize this financing to refinance its existing debt and further expand its operations.
Kinstellar’s assistance on the financing aspects was coordinated by Magdalena Răducanu (Special Counsel, Head of Banking & Finance) and Răzvan Constantinescu (Managing Associate). The financing team also included Alexandra Sofineti and Ioana Moldoveanu (Associates).
The due diligence process was led by a large, dedicated team comprising Cătălin Dinu (Counsel), Denisa Constantin (Associate), Cosmin Vasilescu (Senior Associate), Dana Sârbu (Associate), Andreea Vladăreanu (Junior Associate), Raluca Constantin (Senior Associate), and Lavinius Preda (Junior Associate).
Magdalena Raducanu, Special Counsel and Head of the Banking & Finance in Romania as well as Co-head of the firm-wide service line, comments:
“We are proud to have supported our clients in this important financing transaction in the agri-business field. We congratulate everyone involved for their excellent work and support, especially during this busy final part of the year. Of course, a special thank you goes to our clients for their trust and confidence in our teams. This transaction is yet another testament to our expertise in assisting syndicates of banks with tailored, effective legal solutions.”