DGKV has advised Hungary's OTP Bank and its Bulgarian subsidiary DSK Bank EAD on a EUR 80 million restructuring and extension of additional facilities to the Bulgarian subsidiaries of Libena Resorts.
Through its four subsidiaries — Akademika Sea Palace AD, Sunny Travel Club EOOD, Sunny Travel EOOD and Sandrose Holidays EOOD — Libena Resorts owns and operates six four and five-star hotels and resorts on the Bulgarian Black Sea coast.
DGKV was responsible for the drafting and execution of the loan documentation and the limited due diligence of each borrower and owner, as well as for advising on financing and restructuring process.
The DGKV team was led by Partner Nikolai Gouginski, assisted by Senior Associate Kaloyan Krumov and Associates Lora Aleksandrova, Aleksander Shpatov, and Tsvetelina Bayraktarova.
