The Karmen Rebesco law firm has advised mandated lead arrangers Nova Ljubljanska Banka and Privredna Banka Zagreb on the provision of a EUR 200 million syndicated loan to Petrol Ljubljana. Jadek & Pensa and Ulcar & Partners advised Petrol Ljubljana on the deal.
According to Karmen Rebesco, “the transaction was structured as fully underwritten. The banking syndicate consisted of NLB as the agent and original lender, as well as Banka Intesa Sanpaolo, Privredna Banka Zagreb, SID Bank, SKB Banka, and UniCredit Banka Slovenija as original lenders.”
Petrol Ljubljana is a Slovenian company engaged in the provision of oil and other energy products, operating subsidiaries in Slovenia, Austria, Bosnia and Herzegovina, Croatia, Serbia, Montenegro, and North Macedonia, among others. The loan, according to Karmen Rebesco, is for “the purposes of financing the acquisition of … Croatian company Crodux Derivati Dva. Petrol thus consolidated its position as the second-largest provider of petroleum products in Croatia.”
Jadek & Pensa’s team was led by Partner Andraz Jadek.
Ulcar & Partner’s team included Managing Partner Matjaz Ulcar and Senior Associates Blaz Princic and Maja Ivanovic.