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Tuca Zbarcea & Associates Advises Syndicate of Banks on MedLife Credit Facility

Tuca Zbarcea & Associates Advises Syndicate of Banks on MedLife Credit Facility

Romania
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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

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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