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OPL, CMS, and Chadbourne Advise on Pannonia Ethanol EUR 135 Million Refinancing

OPL, CMS, and Chadbourne Advise on Pannonia Ethanol EUR 135 Million Refinancing

Hungary
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Orban & Perlaki Attorneys has represented Pannonia Ethanol as the borrower in a EUR 135 million refinancing transaction. CMS and Chadbourne & Parke advised the new and existing lenders, respectively.

According to OPL, Pannonia Ethanol — which processes 1 million tons of maize annually, producing fuel grade bioethanol and GMO free animal feed — is among the largest ethanol facilities in Europe.

The deal structure involved US EXIM and OPIC as exiting senior lenders, Hungarian EXIM, and Cordiant Emerging Loan Funds as remaining senior lenders, and Hungarian commercial banks K&H Bank, Budapest Bank, and Raiffeisen Bank as new senior lenders.

The OPL team advising Pannona Ethanol was led by Partner Gabor Kovacs and included Associate Nora Szucs.

The CMS team assisting K&H Bank, Budapest Bank, and Raiffeisen Bank as the new senior lenders was led by Partner Erika Papp, Senior Counsel Csongor Tompa, and Lawyer Linda Al Sallami.

The New York-based Chadbourne team advising US EXIM, OPIC, Hungarian EXIM, and Cordiant Emerging Loan Funds included Partner Todd Alexander and Associate Shellka Arora.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.