The syndicated loan was extended by a consortium comprising lender BRD-Groupe Societe Generale and insurance company Allianz-Tiriac Asigurari.
“This is the first time an insurance company takes part in a syndicated loan in Romania. Moreover, it is one of the few syndicated transactions involving an insurance company in Europe,” the statement noted.
The lending consortium was advised by law firms Clifford Chance Badea and Voicu & Filipescu.