Leveraging its strong overarching banking and capital markets credentials, Koutalidis Law Firm is best-known for its work on behalf of creditors and debtors in relation to out-of-court restructurings. This manifests itself in relation to a variety of different workstreams, with project finance head Ioannis Kaptanis being very active of late advising on high value and complex refinancing mandates across a range of infrastructure/transport projects; including his high-profile work for a syndicate of Greek systemic banks on the refinancing of existing debt to Athens International Airport through its issuance of an up to €1.07bn bond loan. In her role as head of corporate finance, Effie Papoutsi leverages her strong ties with banking clients - many of which she advised on the originating loan - which she then advises on subsequent refinancing work in the context of acquisition and project finance mandates, in particular. In addition she also has excellent credentials among investors in relation to NPL securitisation matters. Managing partner Nikos Koritsas co-heads the multi-disciplinary team alongside Papoutsi and Kaptanis.
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Work highlights
Advised a syndicate of the Greek systemic banks in connection with the refinancing of the existing indebtedness to such banks of Athens International Airport through the issuance of an up to €1,007,843,966 bond loan and the borrowing of an additional amount of €28,700,000 under the existing bond loan provided to AIA for the financing of five construction projects.
Advising Waterwheel Capital Management on its potential investment in Project Solar. The project comprises the sale by Alpha Bank S.A., Eurobank S.A., National Bank of Greece and Piraeus Bank of 95% of class B and class C notes to be issued by a securitisation SPV for the financing of the acquisition of a portfolio of common, predominantly non-performing exposures of corporate, small and medium enterprise loans and small business loans with an on-balance sheet amount of c.€1.2bn as of 30 September 2021.
Advising the United States International Development Finance Corporation (DFC), a US State-owned development finance institution on the financing of ONEX Elefsis Shipyards and Industries SA, organised and existing under the laws of the Hellenic Republic of Greece for the acquisition, rehabilitation, and upgrades to the Elefsina Shipyards in Athens, Greece.
Lawyers
Practice head
Nikos C. Koritsas; Ioannis Kaptanis; Effie Th. Papoutsi
Other key lawyers
Dimitris Kalyvas; Georgia Koutsoukou