Dimitris focuses on banking & finance and restructuring projects as well as capital markets and securities transactions.
He regularly advises banks and corporations on a wide range of Greek and cross-border financing transactions, such as corporate and project finance lending as well as ECM and DCM projects.
With wide recognition in the market, Dimitris handles primarily project finance transactions and more particularly energy financing deals and most lately he focuses on Recovery and Resilience Facility loans. Transaction-oriented and with a very positive approach, he is typically involved in most major and complicated finance and securities projects of our Firm. Dimitris is ranked as a rising star lawyer in the practice area of Banking & Finance in Greece by IFLR 1000 and as a key lawyer in the practice area of Banking, Finance & Capital Markets in Greece by The Legal 500 EMEA.
Academic Background
- Columbia University, Law School (LL.M. in Business Law and Finance)
- University of Athens, Faculty of Laws (LL.M. in Civil Law)
- University of Athens, Faculty of Laws (LL.B.)
Languages
- Greek
- English
- German
Professional Memberships
- Member of the Athens Bar Association
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Member of the New York State Bar
Recognitions
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IFLR 1000 – Banking & Finance (Greece), Rising Star
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The Legal 500 EMEA - Banking, Finance & Capital Markets (Greece), Key Lawyer
Career Highlights
Recent work includes advice to:
- Alpha Bank on an €806 million secured bond loan for the Athens International Airport (AIA) expansion projects under the Airport Development Agreement, advising also the Greek systemic banks’ syndicate on the required amendment and restatement of four major bond loans issued by AIA in 2019, 2022, and 2024,
- A consortium of all Greek Systemic Banks in connection with (a) an up to circa €35 million bond loan to the Athens International Airport (AIA) for the financing of its initiative to achieve net zero carbon emissions by 2025, for the installation of PV stations with battery energy storage system and heat pumps, including RRF financing and (b) a €105 million secured bond loan for the financing of corporate purposes of AIA,
- Hellenic Gas Transmission System Operator (DESFA) on its up to €710 million common bond load (with an “accordion” option, allowing for an up to €100 million increase of the loan reaching a total amount of up to €810 million), arranged by the four Greek systemic banks, i.e. National Bank of Greece, Piraeus Bank, Alpha Bank and Eurobank, where Alpha Bank acted as bondholder agent and administrative agent, integrating Recovery and Resilience Facility (RRF) funding across multiple DESFA projects under a non-SPV framework,
- Eurobank and National Bank of Greece in respect of a framework agreement on the issuance by HELLENiQ RENEWABLES S.M.S.A. and its subsidiaries of acquisition facilities and term loan facilities related to renewable energy projects up to the total amount of €766 million,
- Eurobank and National Bank of Greece, in implementation of a framework agreement with HELLENiQ RENEWABLES, on the issuance by HELLENiQ RENEWABLES Wind Parks of Evia S.M.S.A. of a secured bond loan of an amount up to €86 million and on the issuance by KOZILIO ENA S.M.S.A. of a secured bond loan of an amount up to €133 million,
- Piraeus Bank and Eurobank with regards to the provision of financing (along with Recovery and Resilience Facility funds by the Greek State) of an overall amount of ca. €195 million to the Hellenic Electricity Distribution Network Operator for the implementation of its eligible investment plan, being the installation of smart meters,
- Eurobank, National Bank of Greece and Piraeus Bank with regards to the financing to the Hellenic Electricity Distribution Network Operator up to an amount of €660 million in respect of the company’s capital expenditures,
- Α subsidiary of the sponsors of the project, Aktor Concessions and Intrakat, on the issuance of a common secured bond loan of up to €216 million subscribed for by Alpha Bank and other systemic banks, in the context of the public private partnership (PPP) agreement for the review, financing, operation and maintenance of the road interconnection of West Peloponnese, Kalamata-Rizomylos-Pylos- Methoni sub connection,
- Fraport Greece on its refinancing for a total amount of €960 million of the project financing of the concession for the upgrade, maintenance, management and operation of fourteen (14) in total regional airports of the Hellenic Republic,
- Macquarie Group on the financing of its Greek subsidiary (both on a level of external financing by Alpha Bank of an amount of €530 million and on an intragroup level for an amount of up to €1,500 million) for the acquisition of a 49% ownership interest in the Hellenic Electricity Distribution Network Operator (HEDNO).
- The Greek subsidiary of the group of GMR Airports Limited, an Indian multinational airport operator, i.e. GMR AIRPORTS GREECE SINGLE MEMBER S.A., on the issuance of a common secured bond loan of up to €60.5 million subscribed for by National Bank of Greece (the financing was provided in the context of the concession agreement for the New Kastelli (Heraklion) International Airport).
- National Bank of Greece on the secured financing and refinancing of the construction, maintenance, and operation of four wind farms of the Copelouzos group of companies operated by the companies Wind Farm Makrylakkoma S.A. and Wind Farm Sagias S.A. of a total amount of up to ca. €70 million,
- National Bank of Greece in relation to an issuance of a common secured bond loan of ca. €18 million by Piritium S.A., a member of Copelouzos Group, for the refinancing of debt with connection to the construction and operation of green energy projects,
- A consortium of Greek Banks (National Bank of Greece, Piraeus Bank and, following syndication, Eurobank and Alpha Bank) in connection with the refinancing of the existing indebtedness to such banks of Athens International Airport S.A. through the issuance of an up to €1,007,843,966 bond loan and the borrowing of an additional amount of €28,700,000 under the existing bond loan provided to AIA for the financing of five construction projects;
- Cohn Robbins Holdings Corp. (NYSE: CRHC) in connection with the public listing on the NYSE of Allwyn Entertainment (the group-wide brand of SAZKA Entertainment AG) with a total enterprise value of approximately $9.3 billion,
- Alpha Services and Holdings S.A., the listed on ATHEX parent entity of Alpha Bank SA, on its share capital increase of €800 million,
- The Mandated Lead Arrangers and issuance advisors (Eurobank and Piraeus Bank) on the €650mil. rights’ offering of Lamda Development,
- Hellenic Gas Transmission System Operator (DESFA) on its €505 million common bond load, arranged by the four Greek systemic banks,
- All Greek systemic banks, i.e. Alpha Bank, Eurobank, National Bank of Greece, Piraeus Bank, and Attica Bank on the €1.085 billion syndicated bond loan facility, €200 million secured syndicated bond loan facility and €175 million secured revolving facility to Public Power Corporation,
- Alpha Bank and Eurobank on the issuance of the up to €300 million syndicated common bond loan by Public Power Corporation,
- National Bank of Greece and Piraeus Bank on the €163 million secured financing to ELTECH Anemos, the listed subsidiary of Ellaktor,
- All Greek systemic banks on the financing of the Athens International Airport of up to €140 million in respect of working capital and operational needs and of €100 million in respect of its five construction projects,
- Aktor Concessions and the concessionaire on the financing by Alpha Bank of the concession of Alimos Marina (of a Net Present Value of €57.5 million),
- J.P. Morgan Securities plc, Goldman Sachs International and HSBC Bank plc (Initial Purchasers) and J.P. Morgan Europe Limited (Agent) on the €525 million high yield bond issued by Crystal Almond S.á.r.l., guaranteed by its subsidiary Wind Hellas Telecommunications S.A. and the €75 million revolving facility agreement.
Publications
- Co-contributor to the Legal 500: Project Finance Comparative Guide
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Co-contributor of Debt Capital Markets – Greece in Lexology Getting The Deal Through.