BOYANOV & Co. advised the European Investment Bank on increasing the financing of OLIVA AD made available pursuant to a Luxembourg law-governed finance contract executed in 2017, to EUR 37,2 million, for the purposes of adding new components to the company’s project for the construction of a new edible oil processing plant and grain silos.
BOYANOV & Co. acted as Bulgarian legal counsel for the lender on all Bulgarian law aspects of the financing, including the creation and perfection of Bulgarian law-governed security. The additional funding was successfully closed in October 2021.
BOYANOV & Co.’s team was led by finance partner Damian Simeonov and included finance senior associate Georgi Drenski.