Global law firm Dentons has advised Societatea Energetică Electrica S.A. and its subsidiaries Electrica Furnizare S.A. and Distribuție Energie Electrică România S.A., on a RON 3.1 billion (approximately €622,7 million) syndicated loan agreement destinated to refinance part of their existing bank exposure and support capital investments in the renewable energy production segment.
The syndication was coordinated by Banca Transilvania and Banca Comercială Română as Mandated Lead Arrangers, with Raiffeisen Bank participating as the Sustainability Agent for the green elements of the financing.
The Dentons team included Counsel Stefi Ionescu and Partner Loredana Chitu.
Loredana Chitu commented: "The Electrica group is a valued client and we are truly honored to have assisted them in a transaction of such scale and strategic relevance for the Romanian energy sector. We hope to have the privilege to remain by Electrica’s side as they continue to implement their ambitious development plans."
Stefi Ionescu commented: "This project showcases Dentons’ ability to assist in transactions of this magnitude, as we continue to support our clients in reaching impressive clean energy transition milestones."
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