Dentons advises a syndicate of lenders on €537m refinancing of AFI projects

Bucharest—Global law firm Dentons has advised a syndicate of lenders – Erste Group Bank AG, Banca Comercială Română S.A., Raiffeisen Bank S.A., Raiffeisen Bank International AG, and UniCredit Bank S.A. – on a €537m refinancing of three major projects in AFI’s Romanian portfolio: AFI Cotroceni, AFI Brașov and AFI Ploiești. This represents the largest real estate refinancing transaction in Romania.

Dentons managed and coordinated the refinancing transaction from structuring to completion.

Partner Simona Marin, Head of the Banking and Finance practice in Bucharest, led the legal team, assisted by Banking and Finance senior associate Catalina Raca and associate Cristina Staicu, Real Estate partner Bogdan Papandopol, senior associate Isabela Gheorghe and associate Geanina Anghel in Bucharest, together with Banking and Finance partner Marcel Janssen and associates Daan Overwater, Frits Miedema and Willem Lugard in Amsterdam and Banking and Finance partner Daniel Hurych and junior associates Jan Juráš and Vanda Zaklaiová in Prague.

Simona Marin commented: “We are pleased to continue our long-standing collaboration with the syndicate of lenders by advising on the largest real estate refinancing ever completed in Romania. The transaction also reflects AFI’s continued commitment to the growth and development of its Romanian portfolio. This mandate further strengthens our track record in major refinancing projects and underscores Dentons’ ability to advise on complex, multi-asset real estate financing structures. We are honoured to support yet another milestone transaction in the Romanian market.”