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Dentons Advises Banks on Revolving Loan Facility to Telekom Srbija

Dentons Advises Banks on Revolving Loan Facility to Telekom Srbija

Serbia
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Dentons has advised lead arrangers UniCredit, UniCredit Bank Serbia, Erste Group Bank, Erste Bank, and Raiffeisen Bank International, on the EUR 673.7 million term and revolving loan facility to Telekom Srbija. Morgan Lewis reportedly advised Telekom Srbija.

"The facility, which will be used for refinancing, working capital, and capex, featured a new structure for the Serbian market in the form of a revolving credit facility that combined both local and international liquidity that can be accessed either jointly or separately as the borrower requires," Dentons informed. "Syndication closed with a healthy oversubscription with a further eight banks joining the deal, allowing the facility amount to ultimately be upsized."

Telekom Srbija is a state-owned telecom company and fixed-line and mobile telephony operator in Serbia.

The Dentons team was led by Partner Mark Segall and included Senior Associates Stefi Ionescu and Lawrence Florescu.

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