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PNSA and NNDKP Advise on Ameropa’s EUR 347 Million Syndicated Facility

PNSA and NNDKP Advise on Ameropa’s EUR 347 Million Syndicated Facility

Romania
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Popovici Nitu Stoica & Asociatii has advised the Ameropa Group on obtaining a EUR 347 million senior secured multicurrency revolving credit facility from a syndicate of banks including BCR, Raiffeisen, ING, and UniCredit. Nestor Nestor Diculescu Kingston Petersen advised the lenders.

The syndicate of banks included Banca Comerciala Romana and Raiffeisen Bank, as joint initial mandated lead arrangers and bookrunners, together with ING Bank N.V. Amsterdam (Bucharest Branch) and UniCredit Bank, as mandated lead arrangers.

According to PNSA, "the group can also access additional funding of up to EUR 104 million in line with the increase of the grains and fertilizers' prices. The funds will be used by Ameropa Group's Romanian entities, i.e., fertilizer producer Azomures, trader Ameropa Grains, and port operator Chimpex, to finance their working capital needs."

Founded in 1948, Ameropa is a Swiss-based agri-business group specializing in global merchandising and distribution of fertilizer and food & feed products.

This year, PNSA also advised Ameropa on its acquisition of Promat Comimpex and Agroind Cauaceu (as reported by CEE Legal Matters on January 27, 2022) and on the Mirosi/Caldararu agricultural platform acquisition (as reported by CEE Legal Matters on January 21, 2022).  

The PNSA team was led by Partner Bogdan Stoica and included Senior Associate Claudia Salomia and Associate Ioana Lazar.

The NNDKP team was led by Partner Valentin Voinescu and included Senior Associate Alexandru Ciambur and Associate Catalina Dan.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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