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DGKV Advises OTP Bank and DSK Bank on a EUR 80 Million Restructuring for Libena Resorts

DGKV Advises OTP Bank and DSK Bank on a EUR 80 Million Restructuring for Libena Resorts

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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.


Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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