BT part of syndicate of banks that increased MedLife's credit limit by €50 million

Banca Transilvania, together with Banca Comercială Română, Raiffeisen Bank, BRD Groupe Société Générale and ING Bank N.V. Amsterdam - Bucharest Branch, is part of the syndicate of banks that signed a EUR 50 million credit limit increase for MedLife, the largest private services network in Romania, with presence also in Hungary and the Republic of Moldova.

The credit will be used for the company's development, the completion of projects already started and for possible acquisitions.

The initial financing, as well as this extension of the credit line, was coordinated by BCR, acting as Coordinator, Mandated Lead Arranger, Documentation Agent, Facility and Collateral Agent, and also as lender. The other banks, including BT, were the Lead Arrangers and also the Funders. Legal Ground acted as legal advisor to the syndicate of banks in the negotiation and implementation of the financing facility documentation.

Medlife signed a syndicated credit facility totaling €330 million, amending and increasing the existing facilities by €50 million.