Kinstellar has advised a pool of financing entities composed of Banco Bilbao Vizcaya Argentaria, S.A., BNP Paribas Bank Polska, S.A., Bank Polska Kasa Opieki S.A., Česká Spořitelna, A.S., Coöperatieve Rabobank, U.A., ING Bank Śląski S.A., Powszechna Kasa Oszczędności Bank Polski S.A., Banco Santander, S.A. and Erste Bank Polska, S.A. (the "Lenders"), on the Romanian, Czech and Hungarian law aspects of the amendment and extension of AmRest’s financing, originally entered into in December 2023, with BBVA and ING acting as sustainability coordinators and Banco Santander as agent.
The amended arrangement includes an increase of the revolving tranche by up to EUR 100 million to finance the group's working capital needs, and provides for the possibility of adding one or more accordion facilities for an aggregate amount of up to EUR 300 million.
The transaction underpins the continued confidence of international lenders in AmRest's business plan and the strength of multi-jurisdictional financing structures across Central and Eastern Europe.
Kinstellar's teams in Romania, the Czech Republic and Hungary advised on the local law aspects of the transaction, working closely with Linklaters Madrid and the Lenders to ensure a smooth completion.
Kinstellar's teams included Magdalena Raducanu (Partner), Razvan Constantinescu (Counsel) and Ioana Moldoveanu (Junior Associate) in Romania, Martina Březinová (Counsel) and Pavla Krsková (Senior Associate) in the Czech Republic, and Levente Hegedűs (Partner), Veronika Heiszer (Associate) and Marcell Pálos (Junior Associate) in Hungary.
