NBE refinance the credit facilities and loans of a leading steel company in Egypt

NBE refinance the credit facilities and loans of a leading steel company in Egypt

The Firm, in its capacity as the Legal counsel of National Bank of Egypt S.A.E, drafts the Facility Agreement and the related Security documents, and leads the negotiations between the Lender, the Borrower and its legal counsel in the Syndicated Long Term Facility Agreement for an amount not exceeding EGP 1.7 billion granted to El Ezz Steel Company, SAE to restructure the credit facilities and/or loans granted to the Borrower through one or more repayments of some of the Borrower’s debt, until the transaction reaches a successful closing on Jan 2015.