27
Sat, Apr
27 New Articles

Clifford Chance Advises ING on Two Covered Export Credit Facility Agreements with Digi Communications

Clifford Chance Advises ING on Two Covered Export Credit Facility Agreements with Digi Communications

Romania
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Clifford Chance, working with Hannes Snellman, has advised ING on a Finnvera-covered export credit facility agreement and an EKN-covered export credit facility agreement with Digi Communications.

Digi Communications, also known as RCS & RDS, is a telecommunication group with businesses in Romania, Spain, Italy, Portugal, and Belgium. The company's Romanian operation will borrow EUR 133 million under the two facilities, with the company's Spanish subsidiary acting as an additional original guarantor.

According to Clifford Chance, “the debt financing for Digi will be used towards the supply of telecom equipment and services to the company’s entities in Romania and Portugal under contracts with Ericsson and Nokia."

Finnvera is the export credit agency of Finland. EKN is Sweden's export credit agency.

Clifford Chance’s team included Romania-based Managing Partner Daniel Badea, Counsel Cosmin Anghel, Senior Associate Madalina Mailat, and Lawyer Nicolae Grasu, as well as further lawyers in Amsterdam and Madrid.

Clifford Chance did not respond to our inquiry on the matter.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

Our Latest Issue