Filip & Company assisted RCS & RDS S.A. with the signing of two export credit facility agreements amounting to an overall of EUR 117,158,657.37 intended to finance the acquisition of goods and services for the development of the telecommunications networks in Romania and Portugal operated by the company’s subsidiaries. RCS & RDS and Digi Spain Telecom S.L.U. acted as initial guarantors and Citibank Europe Plc. as initial lender.
Filip & Company concurrently assisted Digi Spain Telecom SLU (a subsidiary of RCS & RDS in Spain), as borrower, in the signing of a EUR 50,000,000 uncommitted and unsecured credit facility agreement with Banco Santander S.A. to finance their working capital needs.
“Digi continues to invest in cutting-edge technology and is constantly pursuing projects to upgrade its networks. In fact, it is one of the Romanian companies that allocates significant resources to the development of its foreign subsidiaries. We are happy to have had the opportunity to work together again and we thank them for their trust”, said Alexandru Bîrsan, partner and head of M&A and Capital markets at Filip & Company.
The Filip & Company team that assisted Digi Group on this project was coordinated by Alexandru Bîrsan (partener) and Rebecca Marina (counsel) and included Andrei Bănescu (associate) and Sandra Danciu (associate).
Filip & Company has one of the most dynamic Financing and Capital Markets practices in Romania. The team of lawyers includes specialists with a rich expertise acquired in complex internal and international transactions.
