On the premiere leveraged finance transaction on the Bulgarian market in 2017, we acted for all finance parties, including the Co-Arrangers (Rabobank Antwerp, BNP PARIBAS S.A. – Sofia Branch, UniCredit Bulbank AD and ING Bank N.V. – Sofia Branch), the Agent (Citibank Europe plc, UK Branch) and the Security Agent (Citibank N.A., London Branch) in relation to a EUR 550,000,000 multi facility loan made available to Huvepharma OOD and its affiliates in Bulgaria and abroad. The team was co-lead by our Managing Partner Georgi Spasov and counsel Nadia Hadjova, supported by Nayden, Peter and Irina. This is the fourth transaction that the highly experienced team is working on with Citibank since the initial syndication of the Huvepharma loan back in 2014. Huvepharma continues to outpace all expectations for its growth and has become one of the world’s largest and fast-growing global pharmaceutical companies with a focus on developing, manufacturing and marketing human and animal health products. The borrowers – part of the Huvepharma group will use the fresh funding (including a new Capex Facility and an Acquisition Facility) to fuel its global business expansion and refinance their existing indebtedness on more favorable terms. Contact us to understand more about our vast expertise on cross border lending.

More Posts

We are delighted to welcome Borislava Jereva to our legal practice. Borislava brings with her exceptional depth of experience and a distinguished professional background spanning commercial law, banking and investment

Read More »

In proceedings concerning claims for non-pecuniary damages to an individual arising from a publication, Spasov & Bratanov Law Firm successfully defended its client, a Maltese media company and publisher of

Read More »

THE EU AI ACT: KEY OBLIGATIONS TAKING EFFECT AS OF AUGUST 2ND 2026   Introduction Recognizing both the opportunities and the risks associated with the rapid development of artificial intelligence

Read More »

Spasov & Bratanov successfuly defended the right of a managing director to request his own deletion from the Commercial Register Spasov & Bratanov successfully advised and represented an individual in

Read More »

Share: