Bernitsas Law advises on Olympic Commercial and Tourism Enterprises €250m Bond Loan

Bernitsas Law advised Olympic Commercial and Tourism Enterprises SA (part of the Avis Group) on the issue of a €250m bond loan (including €60m revolving bonds) for the refinancing of existing debt, secured with a floating charge over leased vehicles, with Piraeus Bank SA acting as arranger, subscriber, bondholder, bondholder agent and paying agent.

The Avis Group is an operating division of Avis Budget Group, the leading car rental company in USA, Europe, Africa, the Middle East and Asia, with more than 50 years' experience in the car rental industry.

Piraeus Bank is the largest of the four Greek systemic banks and listed on the Athens Exchange. The Bernitsas Law team was led by Athanasia Tsene.

Image
Olympic Commercial and Tourism Enterprises €250m Bond Loan

Read next