Bernitsas Law advises on Bank of Cyprus €55m Luxury Hotel Properties Loan

Bernitsas Law advised Bank of Cyprus PLC acting in various capacities including facility agent, security agent, original lender and revolving lender, in their entry into an amendment and restatement deed for an existing credit agreement and an intercreditor agreement relating to a €55m secured term loan and revolving facility granted to a Cyprus based legal entity running luxury hotel properties on the island of Cyprus.

Bank of Cyprus is the largest banking and financial services group in Cyprus, with significant market shares across all business segments.

The Bernitsas Law team was led by Athanasia Tsene.

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Cyprus 55m Luxury Hotels

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