November 23, 2020 14:40 
RTPR has assisted Banca de Export Import a României (Eximbank) S.A. as the coordinating mandated lead arranger, as well as the syndicate of banks comprising Banca Comercială Intesa Sanpaolo Romania S.A., Banca Transilvania S.A., CEC Bank S.A., Garanti Bank S.A., ING Bank NV Amsterdam Bucharest Branch, International Bank for Economic Co-operation, OTP Bank Romania S.A., Raiffeisen Bank Romania S.A. and UniCredit Bank S.A. 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 S.A, as borrower as well as in relation to related security.
Alro is one of the largest vertically integrated aluminium producers in Europe by production capacity and one of Romania’s largest companies.
A mixed team of lawyers from RTPR and Allen & Overy were involved in this project. The RTPR team was coordinated by Victor Padurari (Partner) and Andreea Burtoiu (Counsel) and further included Lia Ilie (Associate) and Andreea Stoiciu (Associate). Attila K Csongrady (Counsel) and Peter Redo (Senior Associate), English qualified lawyers, were part of Allen & Overy team.
“We are very happy to have closed this refinancing for Alro alongside our colleagues and friends from Allen & Overy. Our banking and finance teams have a rich history of advising on the most complex and sophisticated transactions in Central and Eastern Europe, being preferred by the clients for our vast expertise in this field. We thank our clients for their trust and we are pleased to see that banks continue to show their interest for solid companies such as Alro, even in the current pandemic context.”, declared Victor Padurari.
“We are honoured to have assisted the lenders in relation to this new refinancing of Alro’s debt. We have previously advised the banks on several rounds of financing granted to Alro, the last one being closed at the beginning of last year. It was a complex transaction which included Romanian law and English law aspects and we are proud to add it to the impressive deal portfolio of our banking and finance team”, declared Andreea Burtoiu.
