Category Archives: BANKING, FINANCE & CAPITAL MARKETS

Avis €260 Million financing agreement with Piraeus Bank

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.

Sale of €1BN NPL Portofolio

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).

Lamda €230 Million Debut Green Bond Offering

P&P advised Eurobank, Piraeus Bank, Alpha Bank and Euroxx Securities as Lead Underwriters and Bookrunners and Optima Bank as Lead Underwriter in relation to Lamda Develpoment’s debut green bond offering of €230 million.

Euronet Worldwide, Inc. Completes Purchase of Merchant Acquiring Business of Piraeus Bank in Greece

Papapolitis & Papapolitis advised Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, on the completion of the purchase of the Piraeus Bank Merchant Acquiring (PBMA) business of Piraeus Bank (Bank) in Greece.   Originally announced on March 16, 2021, Euronet’s completed purchase of PBMA’s acquiring services and assets includes approximately 205,000 POS terminals at 170,000 merchants

Elval Halcor €250 Million Listed Bond

Papapolitis & Papapolitis has advised Alpha Bank and Eurobank as Joint Coordinators and Lead Underwriters, Piraeus Bank, National Bank of Greece and Optima Bank as Lead Underwriters and Euroxx Securities and Axia Ventures as Underwriters in relation to the issuance of €250M listed bonds by ElvalHalcor S.A..

Intralot $242 Million Refinancing

Papapolitis & Papapolitis has advised Intralot SA in relation to the refinancing of the debt facilities of the Intralot Group of companies and the issuance by Intralot Inc. of New Senior Secured Notes with a nominal value of ca. $242 million to refinance the existing Notes due September 2021.   The refinancing also included the