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Boyanov & Co, Kalo & Associates, and Wolf Theiss Advise on Albania Telecom Invest and One Telecommunications SHA on Loan Refinancing

Boyanov & Co, Kalo & Associates, and Wolf Theiss Advise on Albania Telecom Invest and One Telecommunications SHA on Loan Refinancing

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Boyanov & Co and Kalo & Associates have advised Albania Telecom Invest Bulgaria and One Telecommunications SHA Albania on a refinancing loan made by a club of banks including OTP Bank Hungary, DSK Bank Bulgaria, and Banka OTP Albania, for a principal amount of EUR 37 million with a maturity of 10 years. Wolf Theiss advised the lenders on the deal.

According to Boyanov & Co, the initial loan of EUR 48.5 million, from First Investment Bank, was used by ATI in 2019 to acquire a controlling stake in One, previously Telekom Albania, from OTE.

Boyanov & Co’s team was led by Partner Damian Simeonov.

Kalo & Associates’ team was led by Co-Managing Partner Aigest Milo.

Wolf Theiss' team included Albania-based Partner Sokol Nako and Associate Kristaq Profkola and in Bulgaria-based Partner Katerina Kraeva.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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