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Allen & Overy, RTPR, and Ilej & Partners Advise Financing for Fortuna Entertainment Group

Allen & Overy, RTPR, and Ilej & Partners Advise Financing for Fortuna Entertainment Group

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Allen & Overy has advised CEE betting and gaming operator Fortuna Entertainment Group N.V. and its subsidiaries, on an up to EUR 551 million refinancing for the group. RTPR, Ilej & Partners, in cooperation with Karanovic & Partners, Athos Demetriou Associates, and Carey Olsen advised the group in Romania, Croatia, Cyprus, and Jersey, respectively.

According to Allen & Overy, the EUR 551 million debt refinancing’s purpose was, among others, the refinancing of existing bank debt as well as raising funds for corporate and working capital purposes. “It was made available to nine borrowers from the Group originating from six jurisdictions. Overall, 14 entities from eight jurisdictions were involved in the financing in various roles mainly from the Czech Republic, Croatia, the Netherlands, Romania, Poland, and Slovakia. The financing was closed within six weeks.”

A&O’s Prague-based team included Counsel Petra Mysakova, Associates Martina Kristianova and Pavel Prihoda, and Junior Lawyer David Bujgl, with further help from a Warsaw-based team which included Partners Dan Cocker and Tomasz Kawczynski, Counsel Anna Madra, and Associate Maciej Wroniak, a Bratislava-based team which included Partner Renatus Kollar, Counsel Matus Kudlak, and Associate Petra Dzubakova, and an Amsterdam-based team lead by Partner Aroen Kuitenbrouwer.

Ilej & Partners' team included Senior Partner Goran Ilej, Partner Ivana Sverak, and Associate Barbara Bilic.

RTPR's team included Partner Victor Padurari, Senior Associate Bianca Eremia, Associates Andreea Stoiciu and Lia Ilie, and Junior Associate Iustina Nastasa.

Editor's note: After this article was published, CEE Legal Matters received confirmation that Dentons advised Ceska Sporitelna, Komercni Banka, and UniCredit Bank Czech Republic and Slovakia on the refinancing. Dentons' team was led by Partner Daniel Hurych and included Prague-based Senior Associate Jan Hrivnak and Associate Eva Klimova, Bratislava-based Counsel Patricia Gossanyiova, Senior Associate Petra Strbova, and Associate Richard Marcincin, Bucharest-based Partner Simona Marin, Counsel Oana Ionascu, Senior Associate Lawrence Florescu, and Associate Isabela Gheorghe, Amsterdam-based Partner Marcel Janssen and Associates Shivaughn Tets and Daan Overwater, and Warsaw-based Partner Piotr Nerwinski, Senior Associate Mateusz Krajewski, and Associate Marta Borowska.

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