Filip & Company has provided legal assistance in relation to a new issue of corporate bonds carried out by Agroserv Măriuța S.A., a Romanian company in the agricultural sector and owner of Lăptăria cu Caimac brand. The issue was carried out through a private placement of secured corporate bonds, through which the company raised EUR 3 million, the full amount targeted.
The funds raised will mainly be used to refinance the existing MILK25E bonds, amounting to EUR 3 million, issued in 2020 and maturing on 4 November 2025. The new bonds, denominated in euro and issued under the symbol MILK28E, have a nominal value of EUR 100 per bond, a fixed annual interest rate of 9.5% and a three-year maturity until 2028.
“At a time when the Romanian capital market is increasingly consolidating its role as a relevant source of financing for entrepreneurial companies, this new bond issue confirms the growing interest of investors in sustainable business. We are pleased to have been alongside the issuer and the transaction’s broker, BT Capital Partners S.A., part of the Banca Transilvania Financial Group, in a new successful capital market project, which reconfirms the capacity of Romanian entrepreneurial companies to use the financing mechanisms offered by the stock exchange. The transaction represents an important step in the development and consolidation of the local agricultural and food sector. We congratulate the Agroserv Măriuța team, as well as BT Capital Partners S.A. for their professionalism and perseverance and thank them for their trust”, said Olga Niță, partner at Filip &Company.
The Filip & Company team on this transaction was coordinated by Olga Niță (partner) and included Roxana Diaconu (senior associate), Valeriu Iliescu (associate), Raluca Biță (associate) and Roxana Șerban (associate).
Over the last years, Filip & Company has been successfully involved in many benchmark transactions on the Romanian capital market, whether they were share or bond offers, as well as in all the bond issues of the Romanian State on the external markets. The Filip & Company lawyers are ranked first in the most prestigious international directories – Chambers and Partners, Legal 500 and IFLR in the Capital Markets practice, both as a team as well as individually, and Alexandru Bîrsan is included in the Legal 500’s “Hall of fame” for this practice area.