June 2024 – Kinstellar, together with Linklaters LLP, has successfully advised ING Bank N.V. on a EUR 150 million senior facility agreement granted to DIGI Romania, the leading Romania-based paid television and telecommunications provider (and part of Dutch-registered Digi Communications N.V.).
The term loan has a maturity of three years and will be used for the refinancing of the EUR 450 million senior guaranteed bonds issued by DIGI Romania, which are due in 2025.
ING Bank N.V. acted as arranger and original lender, with ING Bank N.V. London Branch acting as facility agent.
Kinstellar’s office in Romania has advised on various iterations of this transaction since 2016 and has thus been thoroughly involved in preparing the Romanian financing documentation, dealing with Romanian security aspects, and advising on the fulfilment of all security perfection measures (registrations, notifications, etc.) required under Romanian law.
Kinstellar’s team was led by Magdalena Răducanu (Special Counsel and Co-head of the firm-wide Banking and Finance service line) and included Răzvan Constantinescu (Managing Associate), and Alexandra Sofineti (Associate).