Koutalidis has advised the Hellenic Gas Transmission System Operator on its issuance of a bond loan of up to EUR 710 million with National Bank of Greece, Piraeus Bank, Alpha Bank, and Eurobank as acting as arrangers, NBG and Piraeus Bank also serving as bondholder coordinators, and Alpha Bank acting as bondholder agent and administrative agent. Lambadarios advised the banks.
According to Koutalidis, "the bond program includes an 'accordion' option, allowing for an up to EUR 100 million increase of the loan reaching a total amount of up to EUR 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."
In 2021, Koutalidis advised on DESFA's EUR 505 million common bond issuance (as reported by CEE Legal Matters on October 19, 2021).
The Koutalidis team included Partner Ioannis Kaptanis, Senior Associate Dimitris Kalyvas, and Associates Marina Angoura and Gerasimos Siokos.
The Lambadarios team included Partners Yannis Kourniotis, Prokopis Dimitriadis, and Konstantina Siozou, Senior Associate Katerina Gini, and Associate Christina Kyrgialani.
