NLB Secures EUR 89M Facilities Agreement with MK Fintel Wind
Deal News | Jan 20, 2025 | CEE Legal Matters
AP Legal and Dentons legal advisory firms have facilitated a EUR 89 million facilities agreement for NLB Komercijalna Banka Beograd and Nova Ljubljanska Banka Ljubljana to MK Fintel Wind Beograd. The funding is earmarked for refinancing an existing syndicate of lenders related to Kosava 1 wind park's development in Vrsac Municipality and financing Kosava 2 wind park. The advisory teams from AP Legal and Dentons included leading partners and associates to navigate this complex financial transaction, emphasizing the cross-border collaboration between Belgrade, Ljubljana, Bucharest, and Duesseldorf.
Sectors
- Renewable Energy
- Legal Services
- Banking and Finance
Geography
- Serbia – The wind parks are located in Vrsac Municipality, Serbia.
- Slovenia – Nova Ljubljanska Banka is headquartered in Ljubljana, Slovenia.
- Romania – The Dentons legal team included members based in Bucharest, Romania.
- Germany – Additional Dentons lawyers involved are located in Duesseldorf, Germany.
Industry
- Renewable Energy – The financed projects involve wind parks, which are a part of the renewable energy sector.
- Legal Services – Legal advisory services were key in structuring the finance agreement.
- Banking and Finance – Involves significant financial transactions, specifically a facilities agreement.
Financials
- EUR 89 million – The amount of the facilities agreement for MK Fintel Wind's wind park projects.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MK Fintel Wind Beograd | Target Company | Company | A Serbian energy company involved in the development of wind energy projects. |
| NLB Komercijalna Banka Beograd | Lender | Company | A Serbian commercial bank that is part of Nova Ljubljanska Banka Group providing financial support. |
| Nova Ljubljanska Banka Ljubljana | Lender | Company | A Slovenian bank involved in the financial deal to support MK Fintel Wind. |
| AP Legal | Legal Advisor | Company | A legal firm providing advisory services for the facilities agreement. |
| Dentons | Legal Advisor | Company | An international law firm advising on the transaction from multiple offices. |
| Aleksandar Preradovic | Managing Partner | Person | Part of the AP Legal team advising on the transaction. |
| Aleksandra Jovic | Partner | Person | Part of the AP Legal team advising on the transaction. |
| Dusan Preradovic | Senior Associate | Person | Part of the AP Legal team advising on the transaction. |
| Simon Dayes | Partner | Person | Based in Bucharest, part of the Dentons team. |
| Lawrence Florescu | Senior Associate | Person | Based in Bucharest, part of the Dentons team. |