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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

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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.

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Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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