Filip & Company has advised Digi Romania on two export credit facility agreements totaling over EUR 54.7 million and the group’s Spanish subsidiary Digi Spain Telecom on a EUR 275 million credit facility agreement. Clifford Chance advised the banks.
Citibank's London branch coordinated the two export credit facilities in Romania. Banco Santander, ING Bank, Banco Bilbao Vizcaya Argentaria, Raiffeisen Bank International, UniCredit Bank, CaixaBank, and Banco de Sabadell worked on the credit facility in Spain.
According to Filip & Company, the export credit facilities are designed to finance the acquisition of goods and services necessary for developing telecommunication networks in Romania and Portugal. Moreover, the firm reports that the credit facility for the group's Spanish subsidiary is intended to refinance a 2021 loan, support further investments, and cover other general corporate needs.
In 2024, Filip & Company advised Digi on its acquisition of Cabonitel (as reported by CEE Legal Matters on August 9, 2024) as well as on Digi Group’s Spanish subsidiaries' national roaming contract and a network and spectrum sharing contract with Telefonica Moviles Espana (as reported by CEE Legal Matters on July 17, 2024), on Digi's EUR 150 million senior facility granted to Digi Romania (as reported by CEE Legal Matters on June 14, 2024), and on Digi Group's EUR 117 million export credit facilities and EUR 50 million loan (as reported by CEE Legal Matters on May 27, 2024). Additionally, the firm advised Digi Spain on the sale of the FTTH network to Sota Investments for up to EUR 750 million (as reported by CEE Legal Matters on April 16, 2024) and, in 2023, on Digi Spain's acquisition of a package of spectrum licenses from Xfera Moviles (as reported by CEE Legal Matters on December 20, 2023).
The Filip & Company team included Co-Managing Partner Alexandru Birsan, Counsel Rebecca Marina, and Associate Sandra Danciu.
The Clifford Chance team included Partner Cosmin Anghel, Senior Associate Nicolae Grasu, and Associate Adelina Seserman as well as further team members in Amsterdam.
