Tuca Zbarcea & Associates has advised a syndicate of banks consisting of Banca Comerciala Romana, Raiffeisen Bank, BRD Groupe Societe Generale and Banca Transilvania on a syndicated credit facility for MedLife.
The MedLife Board of Directors signed the syndicated credit facility with the bank syndicate to refinance its existing facilities, extend the maturity of the loans, rearrange the related terms and conditions, and raise new funds up to a total amount of EUR 66 million.
According to TZA, The additional credit facility of EUR 10 million will be a term facility and will be used by MedLife, along with the company's own cash, for potential new acquisition opportunities arising on the market.
The syndicate of banks consisted of Banca Comerciala Romana as coordinating mandated lead arranger, facility agent, security agent, and lender, BRD Groupe Societe Generale, Raiffeisen Bank, and Banca Transilvania, as mandated lead arrangers and lenders.
According to Mihai Marci, CEO and President of MedLife, "we have the largest portfolio of acquisitions performed as well as the largest know-how in this field, but also a strong organic growth, which maintains our leadership position on the Romanian healthcare market. We aim to remain active on the market in respect of acquisitions, we have proven to be a reliable long-term partner for the founders of the companies, so for the up-coming year we analyze some transactions in order to add new companies and important partners to MedLife Group, possibly from outside the country.”
The Tuca Zbarcea & Associates team was led by Partner Mihai Dudoiu and included Managing Associate Catalin Georgescu and Senior Associate Sergiu Negreanu.