News October 08 , 2021

Koutalidis advises DESFA on the €505 million common bond loan

Koutalidis Law Firm has advised HELLENIC GAS TRANSMISSION SYSTEM OPERATOR S.A. (“DESFA”), in its issuance of a common bond loan of up to €435 million. The bond program includes an “accordion” option, allowing for the increase of the loan by €70,000,000, reaching a total amount of € 505,000,000.

The four systemic banks, i.e. Alpha Bank S.A., Eurobank S.A., National Bank of Greece S.A., and Piraeus Bank S.A. acted as arrangers of the bond loan, and Eurobank S.A. as bondholder agent and administrative agent.

The proceeds from the issue shall be used for the financing or refinancing of DESFA’s capital expenditures and for the Group’s general corporate and working capital purposes.

Nikos Koritsas and Ioannis Kaptanis led the team which included senior associate Dimitris Kalyvas and associates Fani Chlampoutaki and Ioanna Sereti.