Dentons, the world’s largest law firm, assisted Erste Group Bank AG, Raiffeisen Bank S.A. and Banca Comercială Română S.A. in connection with a RON 750 million facility agreement for Societatea Energetica Electrica S.A., one of the leading players in Romania’s electricity distribution and supply market. Electrica plans to use the facility, which corresponds to roughly EUR 150 million, to finance the implementation of its strategy for the period 2019-2023.
A mixed team, led by Simona Marin, partner and head of Dentons Bucharest banking and finance team, working closely with Loredana Chitu, partner and head of capital markets and with Sandra Constantin, key member of the banking and finance team, advised the finance parties on all stages of transaction from term sheet to signing, including capital markets aspects related to an option for bond issuance for refinancing purposes.
The transaction showcases the strength and depth of the Dentons Bucharest banking, finance and capital markets teams and Dentons’ commitment to a greener future, working side by side with our clients and other key players in the market to achieve sustainability goals and meet the inherent challenges of implementing the European Green Deal.
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Dentons is the world's largest law firm, connecting top-tier talent to the world's challenges and opportunities with 20,000 professionals including 12,000 lawyers, in more than 200 locations, in more than 80 countries. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and award-winning client service challenge the status quo to advance client interests. www.dentons.com
Dentons’ legal team in Bucharest, under the leadership of Managing Partner Perry Zizzi, provides its clients with a results-oriented approach and efficient legal solutions. In over two decades of activity in Romania, the Firm has advised on cornerstone deals for domestic and international clients across multiple sectors. Key practice areas include Banking and Finance, Real Estate, Corporate, Employment, Energy and Infrastructure, Competition and Litigation.
