Global law firm Dentons has advised UniCredit S.p.A., UniCredit Bank Serbia JSC Belgrade, Erste Group Bank AG, Erste Bank a.d. Novi Sad and Raiffeisen Bank International AG as mandated lead arrangers of €673.7 million term and revolving loan facilities for Telekom Srbija a.d. Beograd, the state-owned telecoms company and largest fixed-line and mobile telephony operator in Serbia.
The facility, which will be used for refinancing, working capital and capex, featured a new structure for the Serbian market in the form of a revolving credit facility that combined both local and international liquidity that can be accessed either jointly or separately as the borrower requires. Syndication closed with a healthy oversubscription with a further eight banks joining the deal, allowing the facility amount to ultimately be upsized.
Partner Mark Segall led the Dentons team on the deal in collaboration with senior associates Stefi Ionescu and Lawrence Florescu.
Mark Segall commented on the deal, “This is a fantastic deal for all parties, supporting the very positive trajectory of Telekom Srbija’s business as demonstrated by the strong appetite of the loan market. This deal illustrates Dentons’ capabilities to support our clients in structuring and implementing innovative financing solutions.”
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
The advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
