CMS Sofia acted as the Bulgarian legal advisor to J.P. Morgan SE and GLAS Trust Corporation Limited in connection with the EUR 170,000,000 senior secured facility agreement made available to Eurohold Bulgaria AD, with J.P. Morgan SE acting as Sole Mandated Lead Arranger, Bookrunner, Original Lender and Agent, and GLAS Trust Corporation Limited acting as Security Agent. The financing will be used to refinance the Borrower's existing indebtedness under its prior facilities agreement and outstanding notes, and, to the extent of any surplus, for the general corporate purposes of Eurohold Bulgaria AD and the wider Eurohold Group.
The transaction is a significant step in supporting the continued growth and financial strengthening of one of Bulgaria's leading energy and financial services groups.
CMS provided legal support throughout all stages of the transaction. Following an initial due diligence, the team supported the Lender by addressing tax matters, structuring and negotiating the Bulgarian law aspects of the financing documentation and security package, through to signing, ensuring a smooth and efficient process for all parties involved.
The Lender was advised on English law and German law matters by Linklaters
