Clifford Chance Badea, the local office of global law firm Clifford Chance, advised Carmistin International SRL in connection with the EUR 500 million financing arranged by Banca Comercială Română (BCR) and ING BANK N.V. – Bucharest branch, in which most banks present on the local market participated.

The transaction was structured to finance and refinance the Carmistin group, a Romanian leader in poultry meat production and animal feed, as well as to expand its presence in the poultry, pork, and feed production market.

Clifford Chance Badea assigned to the deal a team of lawyers with extensive experience in complex financing transactions, including Daniel Badea (Managing Partner), Cosmin Anghel (Partner), Oana Ionașcu (Counsel), and Alexandru Achim (Senior Associate).

Daniel Badea, Managing Partner, says: "We thank the Carmistin team for their trust and we congratulate them for their exceptional performance, which is now validated by Romania's most important financial institutions through this representative financing for 2025. After our exceptional collaboration with Cris-Tim, in the historic listing on the Bucharest Stock Exchange, we are closing another successful project for a leading Romanian company. As a trusted advisor, we work with several Romanian entrepreneurs on strategic projects designed to strengthen and expand Romania's presence in the regional economic and business landscape."

Oana Ionașcu, Counsel, adds: "We are finalizing a new complex transaction, which included a significant project finance component. We thank the Carmistin team for their collaboration and congratulate BCR and ING Bank for coordinating the largest financing granted to the Romanian private sector in 2025. At the end of an extremely intense year for our practice, we were delighted to work again with some of Romania's leading banks and their professional teams, whom we often meet on major projects."

Clifford Chance Badea's Banking & Finance and Capital Markets practice has in its portfolio the most important financing transactions completed on the Romanian market, the most recent ones including:

1. Advising Nofar Energy, through its project companies Slobozia Solar Plant S.R.L., Aviv Renewable Investment S.R.L. and Corbii Mari Solar Plant S.R.L., in securing a EUR 192 million financing arranged by the European Bank for Reconstruction and Development (EBRD);
2. Advising the consortium of investment banks in connection with the EUR 500 million AT1 bond issue launched by Banca Transilvania S.A. on international markets, its first ever such issuance and the largest in Central and Eastern Europe;
3. Advising the consortium of investment banks in connection with the EUR 600 million bond issue launched by DIGI Romania and listed on the Euronext Dublin stock exchange;
4. Advising Cris-Tim Family Holding (CFH) in connection with the initial public offering worth RON 454.35 million, which made history on the Bucharest Stock Exchange, valuing the company at RON 1.33 billion;
5. Advising NEPI Rockcastle in its most recent green bonds issues in 2025 worth EUR 500 million, listed at the Euronext stock exchange in Dublin;
6. Advising Electrica in its historic and successful first green bond issue on foreign markets, which was oversubscribed more than 11 times and raised EUR 500 million;
7. Advising Aukera Energy in securing a EUR 60 million debt facility from Kommunalkredit Austria AG to finance the construction of its first stand-alone battery energy storage system in Romania;
8. Advising lenders UniCredit Bank SA and Garanti BBVA, and UniCredit SpA as Facility Agent and Sustainability Agent, in the signing of a financing agreement for a package of non-recourse loans of up to EUR 60 million equivalent (approx. EUR 56 million and RON 22 million VAT facility) with DRI as borrower;
9. Advising BCR in the signing of an EUR 18.5 million financing agreement for the development of a 34.69 MW solar park in Călărași County by a company owned by Italian group Alerion Clean Power.

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About Clifford Chance Badea

Clifford Chance Badea is the local office of global law firm Clifford Chance LLP, which has been present in Romania since 2006. The Bucharest office is constantly involved in complex transactions of syndicated loans, project finance, restructurings, Eurobonds and shares issues on international capital markets, derivative financial instruments, acquisitions by strategic investors or private equity funds, infrastructure and highway projects, real estate investments, as well as domestic and international litigation and arbitration.

About Clifford Chance

Clifford Chance is a global law firm committed to creating advantage for its clients. The firm combines legal and commercial intelligence to grow, transform, protect and defend its clients’ business. Operating as a single, fully-integrated global partnership, Clifford Chance provides forward-thinking insights and tech-enabled solutions in the sectors and markets that matter most to its clients. The firm’s culture of collaboration and commitment to rigorous and ethical standards, ensures consistent, high-quality service worldwide.