Koutalidis has advised Eurobank, the National Bank of Greece, and Piraeus Bank on the financing for the Hellenic Electricity Distribution Network Operator through the issuance of a bond loan up to an overall amount of EUR 660 million.
According to Koutalidis, “the bond program includes an accordion option, allowing for the increase of the loan by EUR 440 million.” The banks were the subscribers of the bond loan, while Eurobank was also the bondholder agent, paying agent, and account bank. “The proceeds from the issue of the loan will be used (inter alia) for financing part of the company’s capital expenditures.”
Last year, in 2021, Koutalidis advised the Macquarie Group on its Acquisition of HEDNO (reported by CEE Legal Matters on October 27, 2021).
Koutalidis’ team included Partner Ioannis Kaptanis and Senior Associate Dimitris Kalyvas.
Koutalidis did not respond to our inquiry on the matter.
