ODI Law has advised Slovenian real estate developer Eta Invest on refinancing its financial debt owed to Elements Capital Management with a new loan obtained from a commercial bank. Ketler & Partners, a member of Karanovic, advised ECM.
According to ODI, “the refinancing represents the completion of a financial restructuring initiated in 2019 by the private equity fund acquiring all financial claims existing at the time,” (as reported by CEE Legal Matters on November 13, 2019).
“Eta Invest is currently managing the construction of 28 villas near Nova Gorica, Slovenia. The construction is a welcomed novelty in an otherwise undernourished regional housing market,” the firm informed.
The ODI team was led by Partner Tine Misic and Senior Associate Primoz Mikolic and included Associate Eva Hafnar.
The Ketler & Partners team included Partner Igor Angelovski and Senior Associates Vesna Lozak Polanec and Petra Lipovsek.