We are extremely happy to share that AKL acted as legal counsel to the lenders (Alpha Bank, NBG and Piraeus Bank) in connection with the financing extended to ORFEUS VEINOGLOU – STRIM PAGKOSMIES LYSEIS EFODIASTIKIS ALYSIDAS S.A., H.I.G. Capital’s regional logistics subsidiary, which stands as Greece’s largest logistics and group offering road, sea, and air freight forwarding, as well as contract logistics and warehousing services.
The financing consists of two bond loans with a combined nominal value of up to €655.5 million, marking a landmark transaction in Greece’s logistics sector.
This intricate, multi-faceted transaction included the refinancing of the Group’s existing indebtedness and arranging new financing to fund the Group’s ongoing investment strategy, encompassing growth-driven acquisitions and the implementation of significant infrastructure projects, a 40,000 sq.m. LEED Gold-certified warehouse featuring an on-site photovoltaic system and Hull Logistics Park, a large‑scale, modern logistics and multi‑modal transport hub in Aspropyrgos, Western Attica that integrates road, rail, and sea connectivity, designed to support warehousing, distribution and combined transport activities.
Our team advised the lenders on all aspects of the transaction, including the structuring, negotiation, and documentation of the financing, ensuring a robust and efficient framework aligned with the lenders’ requirements.
The matter was led by Alexandros Kosmopoulos, Co-Managing Partner, head of Banking and Finance with the support of Georgios Rafail Athanassiou, senior associate, and Aliki Christodoulia and Eleni Ploumi, associates, while Helen Alexiou Managing Partner, head of Real Estate with the support of Vicky Zarakioti and Stamatia Tsopela, senior associates, and Ariti Tsoukala, associate advised on real estate law matters.
We are proud to have supported the lenders in the successful delivery of this milestone transaction!