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Filip & Company Advises Digi Group on EUR 117 Million Export Credit Facilities and EUR 50 Million Loan

Filip & Company Advises Digi Group on EUR 117 Million Export Credit Facilities and EUR 50 Million Loan

Romania
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Filip & Company has advised Romania's RCS & RDS on signing two export credit facility agreements totaling EUR 117.16 million for the acquisition of goods and services to develop its telecom networks in Romania and Portugal and advised its Digi Spain Telecom subsidiary on a EUR 50 million uncommitted and unsecured credit facility agreement.

RCS & RDS and Digi Spain Telecom acted as initial guarantors on the export credit facilities, with Citibank Europe as the initial lender. Banco Santander provided the EUR 50 million loan, to be used to finance the group's working capital needs.

"Digi continues to invest in cutting-edge technology and is constantly pursuing projects to upgrade its networks," Filip & Company Partner Alexandru Birsan commented. "In fact, it is one of the Romanian companies that allocates significant resources to the development of its foreign subsidiaries."

The Filip & Company team was led by Birsan and Counsel Rebecca Marina and included Associates Andrei Banescu and Sandra Danciu.

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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