Metropol and Sofia Hotel Balkan’s group complete €82 million debt restructuring

K. Argyridou and Associates LLC, BOYANOV & Co., and BDK Advokati advised the Eurobank Group (“ERB Group“) in connection with the consensual cross-border restructuring of approximately €82 million, which closed in December 2021. The restructuring was implemented through a combination of new loans and security and amendments related to the existing credit facilities of the borrowers’ group, including Sofia Hotel Balkan AD (“SHB“) and Metropol Palace DOO Beograd (“Metropol“). The transaction has resulted in additional cash flow relief for the companies at the time when the tourism industry is showing first signs of recovery. SHB and Metropol are owners of two luxury hotels in Sofia and Belgrade, respectively.

The BDK team included senior partner Tijana Kojović, partner Dragoljub Sretenović, senior associate Đorđe Zejak, and associate Igor Matić.

 

Photo credit: EmirTutic / Shutterstock.com

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