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Reff & Associates Advises Chimcomplex on EUR 90 Million Refinancing

Reff & Associates Advises Chimcomplex on EUR 90 Million Refinancing

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Deloitte Legal's Reff & Associates has advised the Romanian chemical industry company Chimcomplex on receiving a EUR 90 million refinancing loan from CEC Bank and Alpha Bank.

According to Reff & Associates, the loans will be used for the full refinancing of existing loans from VTB and Credit Suisse, for the takeover of Oltchim assets, and supporting development projects.

"Completing the refinancing is a significant step for Chimcomplex and marks a new era for the company," commented Chimcomplex’s President Stefan Vuza. "I thank Credit Suisse Zurich and VTB Frankfurt for joining us in 2018, in EUR 164 million special loan transaction, and for the acquisition of Oltchim assets. I thank the representatives of CEC Bank and Alpha Bank for their professionalism and willingness to support a Romanian entrepreneurial company."

Deloitte Legal's Reff & Associates also advised Chimcomplex on its acquisition of Oltchim assets (as reported by CEE Legal Matters on December 14, 2018).

The Reff & Associates team included Romania-based Partner Andrei Burz-Pinzaru, Managing Associate Patricia Enache, Associate Danut Arion, and Deloitte Legal Poland's Partner Nicholas Coddington.

Reff & Associates did not respond to our inquiry on the matter.

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