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NNDKP and ZRVP Advise on USD 150 Million Credit Facilities for Alro

NNDKP and ZRVP Advise on USD 150 Million Credit Facilities for Alro

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Nestor Nestor Diculescu Kingston Petersen has advised a syndicate of banks on the amendment and extension until 2026 of USD 150 million in working capital credit facilities for Alro. Zamfirescu Racoti Vasile & Partners, working with Simmons & Simmons, advised Alro.

Alro is a vertically integrated aluminum producer based in Romania.

According to NNDKP, “the syndicate of banks was coordinated by Exim Banca Romaneasca and included Banca Comerciala Romana, OTP Bank Romania, CEC Bank, UniCredit Bank, Alpha Bank Romania, and Banca Transilvania.”

Back in 2020, ZRVP advised on the previous refinancing of Alro's revolving loan (as reported by CEE Legal Matters on November 26, 2020).

The NNDKP team included Partner Alina Radu and Associate Catalina Dan.

The ZRVP team included Senior Partner Ioana Racoti, Partner Elena Iacob, and Senior Associate Andreea-Adina Rotaru.

NNDKP at a Glance

Nestor Nestor Diculescu Kingston Petersen (NNDKP) is a promoter of business law in Romania with more than 30 years of experience, independently acknowledged as a pioneer of the Romanian legal market.

NNDKP offers full-service and integrated legal and tax advice to companies from diverse industry sectors. For the past three decades, NNDKP lawyers have assisted corporations, financial institutions, private equity funds and local entrepreneurs in landmark deals and projects in Romania, contributing to the evolution of the Romanian business environment, including in innovative and niche economic sectors.

NNDKP’s team brings together knowledgeable, talented and dedicated lawyers and tax advisors active in Romania, with an impressive track record that reflects a mix of industry insights, courtroom experience and practical business sense. Over 120 lawyers & tax & IP counsellors and 50+ business support professionals form one of the largest and most respected teams of independent professional services providers in Romania. We are on the ground where needed, working either from our headquarters in Bucharest or from our regional offices in Timisoara and Cluj-Napoca – major cities and important economic, academic and social hubs in Romania.

NNDKP provides assistance in virtually all areas of practice including Advertising, Banking & Finance, Capital Markets, Competition and State Aid, Consumer Protection, Corporate / M&A and Commercial, Data Protection, Dispute Resolution, Employment, Energy and Natural Resources, Environment, EU Law, Gaming, Immigration, Insurance and Private Pensions, Intellectual Property, Pharmaceuticals and Healthcare, Infrastructure, Public Procurement and PPP, Real Estate and Construction, Tax and Telecommunications and Media.

Along the years NNDKP has established strong connections with leading international law firms and high-profile professional networks. NNDKP represents Romania in the prestigious international professional alliances Lex Mundi, World Services Group, International Attorneys Club and is a founding member of SEE Legal.

The firm is constantly top ranked in all practice areas by the renowned international guides Chambers & Partners, Legal500 and IFLR 1000. NNDKP is a 6-time winner of the much-coveted “Romania Law Firm of the Year” award at the Chambers Europe Awards gala, in 2022, 2021, 2017, 2013, 2012 and 2009.

Firm’s website: www.nndkp.ro