Clifford advises a syndicate of lenders, led by Banco Santander, on Digi Group ESG-linked financing

Clifford Chance has advised Banco Santander, S.A. on the signing of a €30 million bridge facility agreement and a €132,000,000 syndicated facilities agreement entered into with, among others, DIGI Spain Telecom, S.L.U. as borrower

Digi Communications (DIGI), a telecommunications operator listed on the Bucharest Stock Exchange (BVB) and controlled by local businessman Zoltan Teszari, announced to investors that its Romanian and Spanish subsidiaries (including Digi Spain Telecom) entered into certain financing facilities for working capital and investments.

The syndicated financing is linked to certain key ESG performance indicators, with Banco Santander acting as sustainability agent and coordinator.

Although both agreements were subject to English law, the transaction involved four different jurisdictions (i.e., Hungary, Romania, Netherlands and Spain) with separate legal counsels in each jurisdiction. In this scenario, Clifford Chance Madrid acted as lead counsel.

The team at Clifford Chance Madrid was comprised of partner Epifanio Pérez (pictured centre), senior associates Eugenio Fernández-Rico (pictured top left), James Rodier (pictured top right) and Ignacio Magariños (pictured bottom left), and junior associate Alejandro Cubillo (pictured bottom right).

Clifford advises a syndicate of lenders, led by Banco Santander, on Digi Group ESG-linked financing

Desire Vidal

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website

Iberian Lawyer
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram