Țuca Zbârcea & Asociații advised on a complex syndicated credit facility between MedLife and a syndicate of banks
According to a press release issued by MedLife, the Company’s Board of Directors signed a syndicated credit facility with Banca Comercială Română, Raiffeisen Bank, BRD Groupe Societe Generale and Banca Transilvania for refinancing its existing facilities, extending the maturity of the loans, rearranging the related terms and conditions and raising new funds up to a total amount of EUR 66 million.
The additional credit facility of EUR 10 million will be a term facility and will be used by MedLife, along with the Company's own cash, for potential new acquisition opportunities arising on the market.
Țuca Zbârcea & Asociații advised the syndicate of banks on the deal, with Banking partner Mihai Dudoiu at the helm of a team that also included managing associate Cătălin Georgescu and senior associate Sergiu Negreanu.
MedLife is the largest private healthcare provider in Romania.
(According to the information provided by http://www.bvb.ro/FinancialInstruments/SelectedData/NewsItem/M-Signing-of-syndicated-credit-facility/1948B)