Important Information
This website uses cookies. By using this website you accept the use of cookies. Learn more.
Clifford Chance Badea, the local office of global law firm Clifford Chance, has provided legal advice to a syndicate of international investment banks in relation to the EUR 260 million high yield bonds issue of FRIGOGLASS FINANCE B.V., guaranteed by two Romanian companies, among others - Frigoglass România S.R.L. and 3P Frigoglass S.R.L. The Notes will be listed on the Official List of the Luxembourg Stock Exchange and admitted for trading on the Euro MTF Market thereof.
The project team was coordinated by Mădălina Rachieru-Postolache, Partner, and formed by senior associate Georgiana Evi, associate Mădălina Mailat and trainee lawyer Nicolae Grasu. They have advised the banks on Romanian law aspects throughout the transaction, including by adapting the prospectus to Romanian law and drafting the documentation governed by Romanian law. Law firm Milbank LLP provided assistance on U.S. and English law.
Mădălina Rachieru-Postolache, Partner and coordinator of Clifford Chance Badea's Capital Markets practice, said: "Each financing project is unique but the objective is the same - closing the deal in the best terms for all parties involved, while complying with the best practices and international standards in the field. The success and speed of such transactions depend on the efficiency with which we put the information together and manage all sensitive aspects and essential stages of a bond issue. In this context, the lawyers' multi-jurisdictional experience and the effective collaboration between teams is all the more important. "
"We are pleased that more and more companies - local and international alike - are choosing capital market instruments as a financing or refinancing option, including through high yield issues," Georgiana Evi, Senior Associate, added.
Being fully integrated in the global Clifford Chance network, the Capital Markets practice of the Bucharest office ranks Tier 1 by all international legal directories. The firm provides legal assistance to shares and bonds issuers, as well as syndicates of arrangers in Capital Markets transactions. Transactions are often advised by multijurisdictional teams generating an optimal mix of local expertise and global know-how. When needed, clients benefit from a full-service practice of English and American law.
Also, lawyers are constantly advising client companies on compliance and alignment with the capital market legislation on aspects such as market abuse, the legal framework related to inside information, the obligation to launch mandatory public offers, transparency obligations, etc.
The most recent portfolio includes, among others, milestone projects for the Romanian capital market, such as:
--
Clifford Chance has been present in Romania since 2006 and operates now as Clifford Chance Badea. The Bucharest office is fully integrated in the global network and is frequently involved in complex transactions such as syndicated loans, project finance, restructurings, Eurobonds and shares issues on international capital markets, derivatives, companies' acquisitions by strategic investors or private equity funds, infrastructure and motorway projects, real estate investments etc., as well as domestic and international litigation and arbitration.