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Koutalidis and Lambadarios Advise on DESFA EUR 505 Million Common Bond Issuance

Koutalidis and Lambadarios Advise on DESFA EUR 505 Million Common Bond Issuance

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Koutalidis has advised the Hellenic Gas Transmission System Operator (DESFA) on its issuance of a common bond loan of EUR 505 million. Lambadarios Law Firm advised Alpha Bank, Eurobank, the National Bank of Greece, and Piraeus Bank as the four Greek systemic banks.

According to Koutalidis, DESFA issued a common bond loan of up to EUR 435 million. The bond program includes an “accordion” option, allowing for the increase of the loan by EUR 70 million, reaching a total amount of EUR 505 million. The four systemic banks acted as arrangers of the bond loan, and Eurobank acted as bondholder agent and administrative agent.

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

The Koutalidis team was led by Managing Partner Nikos Koritsas and Partner Ioannis Kaptanis and included Senior Associate Dimitris Kalyvas, and Associates Fani Chlampoutaki and Ioanna Sereti.

The Lambadarios team consisted of Partners Yannis Kourniotis and Prokopis Dimitriadis, Counsel Konstantina Siozou, and Senior Associate Theodoros Papadatos.

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