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Filip & Company Advises RCS & RDS and Subsidiaries on Two Credit Facilities

Filip & Company Advises RCS & RDS and Subsidiaries on Two Credit Facilities

Romania
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Filip & Company has advised RCS & RDS and several of its subsidiaries on securing two medium-term loans amounting to approximately EUR 232 million.

According to Filip & Company, DIGI Spain Telecom S.L.U, a subsidiary of RCS & RDS, obtained the first loan of EUR 132 million, with the Digi group companies – RCS & RDS, Digi Communications N.V., DIGI Tavkozlesi, and Invitel Tavkozlesi Zrt acting as guarantors. In addition, the firm reported that Banco Santander of Spain acted as the agent of the financing banks.

The second loan of RON 500 million was granted to RCS & RDS S.A. by a bank syndicate consisting of UniCredit, BRD, ING Romania, and Citibank Romania, with ING Bank N.V. acting as the agent of the financing banks. Digi Communications N.V., DIGI Tavkozlesi, Invitel Tavkozlesi Zrt, and DIGI Spain Telecom S.L.U acted as guarantors on the loan.

The firm advised the group and its companies on securing two loans amounting to EUR 150 million in 2019 (as reported by CEE Legal Matters on October 16, 2019),  then on the issuance of two series of senior secured bonds by RCS & RDS and Digi Communications N.V. in early 2020 (as reported by CEE Legal Matters on February 11, 2020), and, on another two-loan deal in late 2020 (as reported by CEE Legal Matters on December 23, 2020).

Filip & Company’s team consisted of Partner Alexandru Birsan, Senior Associate Rebecca Marina, and Associates Andreea Banica and Andrei Konya.

The firm did not reply to an inquiry about the deal.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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