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ODI and RPPP Advise on EUR 113 Million Refinancing of UNIOR

ODI and RPPP Advise on EUR 113 Million Refinancing of UNIOR

Slovenia
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ODI has represented a consortium of NLB, Banka Koper (Intesa Sanpaolo Group), Sberbank, Abanka, NKBM and Gorenjska Banka on a EUR 113 million syndicated debt refinancing of UNIOR, an advanced international company in metal-processing filed and active in tourism. UNIOR was represented by Rojs, Peljhan, Prelesniki & Partners.

ODI describes UNIOR as "one of the largest and most important Slovenian exporters with a 100-year old tradition operating in more than 19 countries worldwide with a yearly turnover of EUR 210 million." The company is in the process of being privatized, which ODI describes as "currently the biggest anticipated Slovenian privatization procedure."

The transaction began in May 2016 and was divided in two main stages: (i) negotiations and the signing of the main terms and conditions of the refinancing with the banks and UNIOR, completed in August 2016; and (ii) negotiations and the signing of the finance and ancillary security documents, completed in December 2016. The transaction has been structured so that existing debt has been refinanced by two separate syndicated facilities agreement prepared according to LMA standards. ODI's work involved the preparation of legal opinions on the enforceability of security agreements.

The ODI team was led by Senior Associate Lea Vatovec, with assistance from Senior Associate Lea Pecek and Associate Masa Drkusic.

The Rojs, Peljhan, Prelesniki & Partners team advising UNIOR was led by Partner Grega Peljhan, the head of the firm's Finance and Banking department, assisted by Senior Associate Minu Gvardjancic, Associate Jan Strozer, and Trainee Katja Dolezalek.

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