The credit is structured into four facilities and will be used to partially refinance existing bank exposures, support investments in energy infrastructure, and develop the renewable energy production portfolio.
"This transaction allows us not only to optimise the financing structure of the Electrica Group and ensure the stability of our current and future operations but also to focus on developing strategic projects that contribute to Romania's energy sustainability," stated Electrica CEO, Alexandru Chiriță.
The bank syndicate involved in the financing includes: BT, BCR, Raiffeisen Bank (Sustainability Agent), BRD - Groupe Société Générale, CEC Bank, ING Bank, and Intesa Sanpaolo Bank Romania.
Legal counsel for the transaction was provided by Radu Tărăcilă Pădurari Retevoescu SCA for the banks and Dentons for the Electrica Group.
Electrica serves approximately 3.9 million users and operates across Romania in electricity distribution, supply, and energy services. The company has been listed on the Bucharest and London stock exchanges since July 2014.
