Adsero advised Sylndr on securing EGP 370 mil. loan
Adsero advised Sylndr Egypt, an Egyptian used-car online marketplace, on securing an EGP 370 million working capital facility from a group of lenders. The lenders comprised EFG Corp-Solutions, the leasing and factoring arm of EFG Holding, alongside EFG Holding’s commercial bank Bank NXT, and EGBANK, the last two advised by Sarie El Din & Partners.
This transaction took the form of a scalable, ring-fenced capital financing specifically designed for Sylndr’s complex needs, that acts as a base for any new lender to scale up the structured facility.
Adsero’s team
Adsero’s team was led by partner Hossam Gramon (pictured), head of banking & project finance, and senior associate Karima Seyam, assisted by associate Aya Badr, and junior associates Mostafa Serry and Nour El Kholy.
The Sarie El Din & Partners team
The Sarie El Din & Partners team comprised managing and founding partner Hani Sarie-Eldin and strategic partner Amira Sherif.
