“The financing, with a total value of EUR73 million, was coordinated by BRD Groupe Société Générale and Banca Transilvania, which also acted as Documentation Agents. The syndicate also includes Raiffeisen Bank Romania, serving as Sustainability Agent and Initial Lender.
Throughout the financing period, Banca Transilvania will act as Facility Agent and Security Agent. In this financing transaction, Grup Șerban Holding was assisted by the law firm RTPR, while the legal advisor for the syndicate banks was the law firm Kinstellar. The credit is intended for refinancing existing bank debt and supporting the development of the group’s companies. The transaction strengthens the partnership between the three financing banks and Grup Șerban Holding, ensuring the redesigning of existing financing on a structure suitable for a rapidly growing group of companies”,the report reads.
Grup Serban had a net profit of RON18 million in the first nine months of 2024, up 48% from the year-earlier period. Its revenue grew by 3% on the year to RON439 million in the analyzed period.
GSH shares have traded 10% higher so far in 2024, triggering a market value of roughly RON306 million. The company is 95.8%-owned by Serban Nicolae, Chairman of the Board of Directors.