Alro receives 68 million USD in funding for future investments

Allen & Overy’s Bucharest and Bratislava offices have advised a syndicate of banks made up of Raiffeisen Bank International and Raiffeisen Bank Romania as coordinators and Raiffeisen Bank International, Banca Transilvania, UniCredit Bank, Garanti Bank and Intesa SanPaolo Romania as lenders in relation to a credit facility in amount of approximately 68 million USD granted to Alro for covering general corporate needs and working capital of the company as well as future investments.

Alro is one of the largest vertically integrated aluminium producers in Europe by production capacity and one of Romania’s largest companies.

The RTPR Allen & Overy team provided advice on Romanian law and included Partner Alexandru Retevoescu, Counsel Poliana Gogu-Naum and Associate Alexandru Coras. Allen & Overy Bratislava advised on the English law aspects of the financing led by Counsel Attila K Csongrady with Senior Associate Peter Redo (English law qualified) and Lawyer Petra Dzubakova.