The Filip & Company team assisted Societatea Energetică Electrica S.A., one of the key players on the Romanian power distribution and supply market to contract a RON 750 million financing facility for the expansion of the value chain of energy, which includes the generation of power from renewable sources.
Erste Group and Raiffeisen Bank Romania are the co-financing parties in this credit facility, holding equal shares of the extended loan, and Banca Comecială Română, the Romanian subsidiary of Erste Group, acts as Security and Payment Agent.
“A lawyer’s work is ever more pleasant when its results lead to less carbon emissions and have positive effects on the community. Electrica is one of the most important players on the energy market that has constantly invested in innovation, research, and development. With this financing, it takes yet another important step in the transition towards green source energy and this will contribute to the Romanian energy market evolution. We thank our clients for the trust placed in us on a project of such importance”, said Alina Stancu Bîrsan, partner at Filip & Company.
The Filip & Company team that provided legal assistance consisted of Alina Stancu Bîrsan (partner), Alexandru Bîrsan (partner), Olga Niță (partner), Camelia Ianțuc (senior associate) and Roxana Diaconu (senior 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.
