Spasov & Bratanov acted as legal counsel to a syndicate of lenders with regard to an up to EUR 365 million senior, secured financing arranged by Citibank N.A., London Branch and VTB Bank (Europe) SE and with Citibank Europe plc, UK Branch acting as Agent,  provided to the Bulgarian telecommunications Company EAD for the purposes of the refinancing of EUR 400,000,000 Senior Secured Notes due in 2018. The financing comprises a multi-tranche facilities with a maximum repayment period of 5,25 years, based on EURIBOR and a margin ranging between  1.25% и 3.75%.  Allen & Overy acted as English counsel on the transaction with Spasov &Bratanov providing Bulgarian law advice on the local aspects of the financing and the refinancing mechanism. The transaction strengthened the leading position of the firms’ banking and finance practice on the Bulgarian market. The highly experienced team was co-led by counsel Nadia Hadjova and Managing Partner Georgi Spasov and included Peter, Nayden and Borimir.

Source: Spasov & Bratanov Lawyers’ Partnership