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DGKV and Noblex Group Advise on Kronospan Financing

DGKV and Noblex Group Advise on Kronospan Financing

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Djingov, Gouginski, Kyutchukov & Velichkov has acted as Bulgarian legal counsel to UniCredit Bank Austria AG and to a syndicate of lenders comprised of UniCredit Bulbank AD, Raiffeisenbank Bulgaria EAD, and Raiffeisenlandesbank Oberosterreich Aktiengesellschaft for the EUR 100 million facility to Kronospan Bulgaria EOOD. The Noblex Group advised Kronospan. 

Kronospan is an international manufacturer of wood-based panels. The facility agreement, governed by Austrian law, covered several tranches of financing for the purpose of refinancing of existing loans and investment in a production plant in Veliko Tarnovo.

The DGKV team was led by Partner Nikolai Gouginski, assisted by Senior Associate Kaloyan Krumov and Associates Lora Aleksandrova, Tsvetelina Bayraktarova, Viktoriya Marincheva, and Hristo Stoyanov.

The Noblex Group team consisted of Managing Partner Stamen Cholakov, Partner Atanas Ganchev, and Associate Polina Klisarova. 


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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