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PM&P Advises on Dairewa-Profi Credit Bulgaria Financing

PM&P Advises on Dairewa-Profi Credit Bulgaria Financing

Bulgaria
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Penkov, Markov & Partners has advised both Dairewa BV and PROFIREAL Group subsidiary Profi Credit Bulgaria on a cross-border non-syndicated loan of up to EUR 14 million deal between the two.

According to PM&P, the firm "was assigned to coordinate international legal teams in finding the best solution feasible aimed not only to reconcile the interests of both parties but also to advise on the structure of the deal, main financing agreement and on various Czech security packages. Our experts were fully engaged in the establishment of a pledge on receivables over more than 5,500 consumer credit contracts in Bulgaria being one of the collaterals under the financing."

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