Dentons Bucharest office has advised the International Investment Bank in connection with a new project in Romania. The project envisaged a €15 million loan granted to the manufacturer of electrical wirings - Romcab Targu-Mureș.
The credit facility will be used for financing the company’s work activities, especially the acquisition of raw materials.
The Dentons team was led by Perry Zizzi, Partner and Coordinator of Bucharest banking and finance group and Magdalena Raducanu - Managing Counsel. The team also included: Oana Ionascu - Senior Associate and Mihaela Mihu - Associate.
The loan granted to Romcab by the International Investment Bank is already the banks’ second transaction recorded this year. In July 2015, Dentons Bucharest team has assisted International Investment Bank in connection with a €10 million loan facility granted to Agricover Credit to be used for lending to farmers as well as business development.
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