BANKING & FINANCE

P&P’s credit practice covers the entire spectrum of corporate finance, ranging from traditional bank lending, structured finance and project development, and expanding to securitisations, covered bonds and asset backed securities, sale-and-purchase of loan portfolios (including non-performing loans), liability management exercises, distressed debt and restructurings, as well as to highly customized private-capital transactions with a domestic and international element. Our credit practice also cooperates closely with our capital market team in relation to the listing, public offer and private placement of credit instruments.

We maintain established relationships with major Greek and international banks and financial institutions as well as with sophisticated credit funds and asset managers and have a long track-record of representing lenders, arrangers and agents, syndicates, and borrowers in structuring and documenting complex financing transactions across diverse industry sectors including real estate, hospitality, energy, gaming, telecoms, pharmaceuticals and asset acquisition.

Longstanding and extensive interaction with bankers, fund managers, international law firms, private sponsors and blue-chip borrowers has permitted us to anticipate the commercial needs of our clients and to forge a solid and results-oriented practice with an international outlook while our team is consistently rated as a market leader and has received numerous awards and international recognitions for its involvement in transactions with a credit element, including the taking of security across a variety of asset classes.

 

“High-end legal firm, with extremely strong ties to the local business community.”

LEGAL 500 EMEA, 2024

‘Responsive, knowledgeable, practical and user-friendly’ THE LEGAL 500 EMEA 2021

 Representative Matters

Intralot €100 Million Financing

P&P advised Intralot S.A. in relation to the issuance of a Bond Loan of up to €100 million with maturity date 30.06.2025, with Arrangers PIRAEUS BANK and the NATIONAL BANK OF GREECE. Initial bondholders are

Intralot SA €130 Million debut bond offering listed on the Athens Stock Exchange

P&Padvised Intralot in relation to its debut €130 million public bond issuance completed in February 2024. The issuance led to an oversubscription of x1,55 times, of €201,87 Million and to a final yield and interest

Morgan Stanley landmark €1billion Frontier II securitisation

 P&P advised Morgan Stanley in its capacity as Arranger in the context of the Frontier II transaction, completed in February 2024, involving the securitization by the National Bank of Greece of a portfolio of non-performing

Invel Real Estate sale of 5.22% in Prodea Investments

P&P Invel Real Estate in relation to all aspects regarding the sale by it to Yoda PLC group of 13,333,333 shares, representing 5.22%, in PRODEA Investments REIC, the leading Greek REIC listed on the Athens

Invel Real Estate MTO

Papapolitis & Papapolitis advised Invel Real Estate in relation to the mandatory tender offer (MTO) extended to all shareholders of Prodea Investments for a cash consideration of €7,50 per share.   The MTO acceptance period

Piraeus Bank – BC Partners Acquisition Financing

Papapolitis & Papapolitis advised Piraeus Bank as Arranger, Bondholder Agent, Subscriber and Bondholder in relation to a €175m acquisition financing to Alphabet Education S.A., a member of BC Parters group in relation to the acquisition

ATHENS

Leoforos Vasilissis Sofias 16, 
10674 / Athens, Greece

T. +30 210 3615544 
F. +30 210 3609168 
E. athens@papapolitis.com

LONDON

111 Park Street,
London, W1K 7JL, UK


T. +44 203 655 7940
F. +44 203 655 7940
E. london@papapolitis.com

 

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ATHENS

Leoforos Vasilissis Sofias 16, 
10674 / Athens, Greece

T. +30 210 3615544 
F. +30 210 3609168 
E. athens@papapolitis.com

 

Stay Connected