𝐌𝐮𝐬𝐚𝐭 & 𝐀𝐬𝐨𝐜𝐢𝐚𝐭𝐢𝐢 𝐚𝐧𝐝 𝐇𝐨𝐠𝐚𝐧 𝐋𝐨𝐯𝐞𝐥𝐥𝐬 𝐚𝐬𝐬𝐢𝐬𝐭𝐞𝐝 𝐑𝐨𝐦𝐠𝐚𝐳 𝐢𝐧 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐛𝐨𝐧𝐝 𝐢𝐬𝐬𝐮𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐧𝐚𝐭𝐮𝐫𝐚𝐥 𝐠𝐚𝐬 𝐬𝐞𝐜𝐭𝐨𝐫, 𝐚 𝐡𝐢𝐬𝐭𝐨𝐫𝐢𝐜 𝐩𝐫𝐨𝐣𝐞𝐜𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭
🔹 We are proud to share with you today that Mușat & Asociații, in collaboration with the international law firm Hogan Lovells, assisted S.N.G.N. Romgaz S.A., Romania’s largest State-owned gas producer, in the implementation of 𝐚𝐧 𝐄𝐌𝐓𝐍 𝐩𝐫𝐨𝐠𝐫𝐚𝐦 𝐰𝐢𝐭𝐡 𝐚 𝐭𝐨𝐭𝐚𝐥 𝐯𝐚𝐥𝐮𝐞 𝐨𝐟 𝐄𝐔𝐑 𝟏.𝟓 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐢𝐬𝐬𝐮𝐚𝐧𝐜𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐭𝐫𝐚𝐧𝐜𝐡𝐞 𝐨𝐟 𝐛𝐨𝐧𝐝𝐬 𝐰𝐨𝐫𝐭𝐡 𝐄𝐔𝐑 𝟓𝟎𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧, one of the most complex projects carried out on the capital market after the dual listing of Romgaz on the Bucharest and London Stock Exchanges in 2013.
🔹 The mandate included assistance in drafting the basic prospectus of the program, negotiating the final terms, negotiating the transaction documents with the intermediary banks (Deed of Covenant, Fiscal Agency Agreement, Program Agreement), as well as the corporate documents for approval at the level of the Board of Directors, and the other documents necessary for the establishment of the program and the admission to trading of the bonds, respectively.
🔹 The bonds, listed on the Luxembourg Stock Exchange, generated significant interest from international investors, with demand amounting to EUR 6 billion. On the same occasion, Mușat & Asociații assisted Romgaz in 𝐜𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐢𝐧𝐠 𝐚 𝐜𝐫𝐞𝐝𝐢𝐭 𝐟𝐚𝐜𝐢𝐥𝐢𝐭𝐲 𝐢𝐧 𝐚𝐦𝐨𝐮𝐧𝐭 𝐨𝐟 𝐄𝐔𝐑 𝟏𝟓𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 from Banca Transilvania.
🔹 The mandate involved a multidisciplinary team, led by 𝐌𝐫. 𝐆𝐡𝐞𝐨𝐫𝐠𝐡𝐞 𝐌𝐮𝐬𝐚𝐭 (Senior Partner), one of the most experienced business lawyers in Romania, with a remarkable experience in capital markets and international transactions, and by Paul-George Buta (Managing Partner) and Razvan Stoicescu (Deputy Managing Partner).
🔹 The extended project team also included: Monia Dobrescu (Partner - Banking), Andrei Ormenean (Partner - Corporate, Energy), Iulian Popescu (Deputy Managing Partner - Environment), Ana Maria Abrudan (Partner - Environment), Dan Minoiu (Deputy Managing Partner - IP), Mihai Popa (Deputy Managing Partner - Employment), Razvan Graure (Partner - Tax), Alexandru Terta (Partner - Criminal Law, International Sanctions), Stefan Diaconescu (Partner - Criminal Law), Emilia Manuela Lupeanu (Counsel - Competition/State Aid), Robert Ürmösi, Roxana Bujoreanu, Julieta S., Liviu Viorel, Cristian Cepeşi, Lungu Dragos, Roxana Mihăilescu, Daphne - Șirin Stan (Omer), 𝐀𝐧𝐚 𝐌𝐚𝐫𝐢𝐚 𝐔𝐫𝐬𝐞𝐢, Claudiu Oloeriu, Dumitru Varzari, Adina-Maria Enache, Alina Valentina Colibaba, Alina Pîrvoi, Emanuel Andrei Popa, Carolina-Andreea Mitea, Daria-Maria Buhus, Denisa Ceorcan, Elena-Maria Nițu, Florian Negurici, Ionela Bădoiu, Luciana Anghel, Adriana Popovici.
🔹 Congratulations to the entire team!