$𝟒𝟎𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 facility: to a deep business culture and a highly consistent and effective legal practice, the lawyers at Bulboaca & Asociatii were fully engaged in a proactive, careful, and dedicated manner to obtain a revolving credit facility within the 𝐂𝐀𝐍𝐏𝐀𝐂𝐊 𝐆𝐫𝐨𝐮𝐩 structure.
Bulboacă & Asociații once again contributes—through legal competence, extensive experience in refinancing and investments, and a solution-oriented approach focused on swift and elegant resolutions—to the successful completion of some of the most complex mandates entrusted by top players in industries of strategic importance to the Romanian economy.
In recent weeks, the CANPACK Group, a major manufacturer of high-quality packaging for various commercial uses, reached a new milestone as a niche market player by securing a new revolving credit facility. This transaction took place under the careful and detailed involvement of Bulboacă & Asociații’s lawyers and resulted in a USD 400 million loan from a consortium of leading banks, including: Wells Fargo Bank as arranger, administrative agent, and collateral agent; CITIBANK N.A. as arranger; and other lenders such as BNP Paribas, ING Capital LLC, and J.P. Morgan.
The newly contracted facility is intended to refinance an existing one, while also covering general corporate needs and working capital requirements.
Securing this facility for the CANPACK Group was notable for its dynamic nature, involving a cross-border transaction with multiple parties. This required the flawless preparation and implementation of documentation. Despite the complexity, the entire negotiation and drafting process of the relevant documents was completed in under three weeks, under a fast-paced and highly demanding schedule.