Meet the team

Banking, Finance and Capital Markets

Bernitsas Law

Athens, Greece
30 210 339 2950
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Deals

– Multi-Jurisdictional Syndicated Bond Loan Facility for Refinancing of a Diverse Asset Portfolio
We acted as Greek law counsel to National Bank of Greece SA as arranger, coordinator, bondholder agent, bondholder and hedge bank, Eurobank SA as arranger and hedge bank, Eurobank Cyprus Ltd as arranger and bondholder, Eurobank Private Bank Luxembourg SA as bondholder and CBRE Loan Services Limited as paying agent, in connection with a syndicated bond loan facility governed by Greek law for the refinancing of the existing capital structure of a Cypriot NPE portfolio acquisition transaction, with 97.3% of the underlying portfolio consisting of assets relating to the Helix 1 portfolio acquired in 2019 and 2.7% of assets acquired as part of the Tide Y portfolio in 2022. The bond loan facility is secured by security interests under Greek, Cypriot, Luxembourg and English Law.
– Piraeus Bank €500m Senior Preferred Notes
We acted as Greek law counsel to Piraeus Bank in connection with the issuance and offering of its new €500m Senior Preferred Notes due December 2029 to international and domestic institutional investors, as well as their listing on the Euro MTF Market of the Luxembourg Stock Exchange.
– European Investment Bank Financing for the Northern Cyclades Interconnection Extension by IPTO
We acted as Greek counsel to the European Investment Bank (EIB) in connection with financing of the extension of the interconnection of Northern Cyclades by the Independent Power Transmission Operator (IPTO). The overall financing of the Project, documented under two separate Luxembourg law governed facilities agreements, totals €470m. The Project was financed both by EIB’s own funds and through the Recovery and Resilience Facility, and was secured by security interests created over assets of IPTO located in Greece.

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Team Services

Our practice is one of the foremost in Greece with an expertise in both benchmark and mainstream domestic and cross-border transactions. We act for all major domestic and international banks, investment firms and other financial institutions, insurance companies, funds and public and private companies which do business in Greece.

Over the last three decades, we have participated in the vast majority of significant deals to have taken place in terms of both complexity and value and have structured and executed numerous pioneering transactions. An integral part of our practice is drafting and reviewing complex documentation, including for refinancings, reschedulings or restructurings, in most cases involving security over assets located in Greece or corporate guarantees by Greek companies.The Firm works with international investment banks, regularly interfacing with the regulators, to develop financing and capital raising techniques. We represent the full range of stakeholders (corporates, credit and financial institutions, hedge, private equity, alternative and other types of funds and, with respect to State controlled corporates, the Hellenic Republic) and have unrivalled experience in acting in equity and debt capital markets transactions across a variety of industry sectors including financial, telecommunications, energy, gaming, utilities, pharmaceuticals, infrastructure, hospitality and leisure, healthcare, food and retail.

  • Banking & Finance
  • Capital Markets
  • Financial Services Regulation
  • Private Equity
  • Restructuring & Insolvency
  • Securitisations

Testimonials

‘They are a very experienced team with strong expertise in banking and capital markets work and display an innovative and commercial approach.’

‘High level of expertise and professionalism, exceptional team and level of collaboration.’

‘They are particularly strong at advising on complex financing transactions and provide a solutions-oriented approach.’

‘They focus on the client’s goal and getting results. They communicate well with our team and they are fully committed to our case. Their legal advice is exceptional.’

‘Prompt service and response to any phone calls at any time, with a detailed explanation of the issues.’