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

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

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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.