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 PIRAEUS BANK, THE NATIONAL BANK OF GREECE, OPTIMA BANK, ATTICA BANK and PANCRETA BANK with PIRAEUS BANK as bondholders’ representative.
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 rate at 6%. The 76,92% of the bonds were allocated to Retail Investors and the 23,08% were allocated to Qualified
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 exposures with a total gross book value of c.€1billion baked by the State guarantee pursuant to the Hellenic Asset Protection
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 Stock Exchange. The transaction consideration amounted to €68 Million and was completed in January 2024.
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 commenced on 21 November and ended on 18 December 2023 and resulted to Invel owning a shareholding participation 87,01% in
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 by it of Metropolitan College and IEK Akmi
Papapolitis & Papapolitis advised Pavlidis Marbles SA / ECM Partners in relation to the 100% acquisition of the Pavlidis Marbles Group.
Papapolitis & Papapolitis advised Ambrosia Capital as Lead Underwriter in relation to the €58m pre-emptive share capital increase of Lavipharm S.A., a leading pharmaceutical company with global presence, and to the public offer in Greece of newly issued shares listed on Athex. P&P advised the Lead Underwriter on all aspects of the transaction including customary
Papapolitis & Papapolitis advised Piraeus Bank in relation to a financing agreement of up to €260 Million to Avis Greece. Avis’ total investment plan into electro mobility amounts to €760 million euros and will be developed over the next five years.
Papapolitis & Papapolitis advises Morgan Stanley in its capacity as arranger in relation to the sale by National Bank of Greece with a multi-asset securitization of a portfolio of non-perfoming loans with a total book value of c. €1 Billion (Frontier II).
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