We advised Sylndr Egypt, an Egyptian used-car online marketplace, on securing an EGP 370 million working capital facility from a group of lenders, which consisted of EFG Corp-Solutions — the leasing and factoring arm of EFG Holding — alongside EFG Holding’s commercial bank Bank NXT, and EGBANK.

This transaction sets a new standard for scalable, ring-fenced capital financing specifically tailored for Sylndr’s highly complex legal and financial framework that acts as a base for any new lender to scale up the structured facility.

Our team was led by Hossam Gramon, Partner and Head of Banking & Project Finance, and Karima Seyam, Senior Associate, assisted by Aya Badr, Associate, and Junior Associates Mostafa Serry and Nour El Kholy.

Congratulations to Omar El Defrawy, Omar Ezzat, and Amal Fathy of Sylndr.

Pleased to have worked alongside our colleagues, Amira Sherif of Sarie Eldin & Partners Legal Advisors, Talal Elayat, Maie Hamdy, and Marwan El Didi of EFG Holding, Amr Khaled of Bank NXT, and Karim Shabana of EG Bank.

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