Global law firm Dentons has advised UniCredit as coordinator, bookrunner and mandated lead arranger of a EUR 90,000,000 term loan facility for MTEL a.d. Banja Luka. The club of banks providing the facility was comprised of international and domestic banks, including Erste, NLB, Raiffeisen Bank International AG, UniCredit and their local subsidiaries. This transaction represents the first time a loan to a corporate borrower in Bosnia and Herzegovina has combined both international and domestic liquidity via a dual currency euro/convertible mark structure to comply with local regulations.
MTEL is the leading telecom operator in Bosnia and Herzegovina, and a subsidiary of the Serbian state-owned telecommunications business, Telekom Srbija.
Warsaw-based partner Mark Segall led the Dentons team on the deal in collaboration with senior associate Lawrence Florescu. Dimitrijević & Partners acted as local counsel to the lenders in Bosnia and Herzegovina.
Mark Segall commented: “It was a privilege to support the aims of the lenders in achieving this first-of-its-kind loan and to facilitate MTEL’s access to the international loan markets alongside the support of their local relationship banks”.