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Firon Bar-Nir assisted Michlol Growth Ltd. in the granting of a 12 million Euro credit facility
Firon Bar-Nir assisted Michlol Growth Ltd., a reputed Israeli financial institution, in the granting of a 12 million Euro credit facility for investment and refinancing purposes to a Romanian company holding a commercial platform.
“We proudly represented our client in a rather complicated international transaction that involved refinancing of a credit facility granted to the borrower by a bank located in a EU State. Our focus was assisting our client with its first financing transaction on the Romanian market by bridging between the Israeli common law system under which the client operates and the Romanian civil law system” said Ioana Mardare, partner of Firon Bar-Nir.
Firon Bar-Nir banking team, led by partner Ioana Mardare, with the assistance of the senior associate Cătălina Moisiu, advised on all aspects of the financing from term sheet stage to closing, as well as on the due diligence of the properties offered as collaterals.
Firon Bar-Nir has a wealth of practice in Banking & Finance and was involved in the structuring, negotiation, and signing of various syndicated credit agreements, project financing and construction financing agreements, intra-group loan restructuring, enforcement of securities, both by the financing banks and by the financed entities.