Dentons and CMS Advise on NEPI Rockcastle Financing

Dentons and CMS Advise on NEPI Rockcastle Financing

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Dentons has advised the NEPI Rockcastle Group on two loans from the IFC and a bank syndicate led by BRD-Groupe Societe Generale and the Garanti Bank. Allen & Overy London reportedly advised the IFC and CMS Bucharest advised the banks.

According to Dentons, the loans were taken within the NEPI Rockcastle’s Green Finance Framework and Sustainability Strategy and are aimed at strengthening the group’s liquidity. According to the firm, “the first financing is a new green loan made available by the International Finance Corporation, as part of their COVID-19 support program, and will be further allocated to the Group’s green assets in Romania.” Furthermore, according to the firm, “the second financing is an extension of an existing revolving facility made available by a syndicate of lenders led by BRD - Groupe Societe Generale S.A. and Garanti Bank S.A., which introduced an ESG-link feature.”

The NEPI Rockcastle Group is an international owner and operator of shopping centers in Central and Eastern Europe.

Dentons' team consisted of Bucharest-based Partner Simona Marin and Associate Sandra Constantin, as well as Amsterdam-based Partner Marcel Janssen and Associates Shivaughn Tets and Daan Overwater.

CMS's team included Partner Ana Radnev, Senior Counsel Alina Tihan, and Associate Diana Rotaru.