Boyanov & Co. has advised Citigroup Global Markets Limited as underwriter of EUR 185 million new notes issued by Glasstank, a Dutch SPC of the Yioula Group.
The Yioula Group is a leading producer of glass containers for the food and beverage industries in the Balkan region, with main production subsidiaries in Bulgaria and Romania. Boyanov & Co. advised the underwriter and the initial purchaser of the notes on all Bulgarian law matters related to the guarantee and security provided for the notes by the Bulgarian subsidiaries of the group. Boyanov & Co. also advised the Security Agent, Wilmington Turst, on the Bulgarian security for the notes.
The deal closed successfully on May 21, 2014.