Koutalidis Law Firm has advised HELLENIC GAS TRANSMISSION SYSTEM OPERATOR S.A. (“DESFA”), on its issuance of a bond loan of up to €710 million. The bond programme includes an “accordion” option, allowing for an up to €100,000,000 increase of the loan reaching a total amount of up to € 810 million.
This transaction made use of funds available under the Recovery and Resilience Facility Scheme, underscoring DESFA’s commitment to advancing Greece’s energy infrastructure and sustainability goals.
The four Greek systemic banks, i.e. National Bank of Greece S.A., Piraeus Bank S.A., Alpha Bank S.A. and Eurobank S.A., acted as arrangers, with NBG and Piraeus Bank acting also as bondholder coordinators andAlpha Bank S.A. as bondholder agent and administrative agent.
The proceeds of the bond loan shall be directed, among other, towards the financing or refinancing of DESFA’s capital expenditures – thus, supporting the Group’s ambitious growth and resilience strategy.
Kudos to all teams involved, for their dedication, hard work and expertise in bringing this significant transaction to completion. Our Banking & Finance team was led by Partner Dr. Ioannis Kaptanis and Senior Associate Dimitris Kalyvas supported by Associates Marina Angoura and Gerasimos Siokos.
