Lawyer Monthly - December 2021 Edition

DESFA’s EUR 505 Million Common Bond Issuance The Hellenic Gas Transmission System Operator (DESFA) has completed its issuance of a common bond loan of €505 million. Lambadarios Law Firm advised Alpha Bank, Eurobank, the National Bank of Greece and Piraeus Bank as the four Greek systemic banks. Koutalidis advised DESFA. DESFA issued a common bond loan of up to €435 million, according to a statement from Koutalidis. The bond program includes an “accordion” option, which allows for the loan to be increased by up to €70 million for a total of €505 million. The four systemic banks acted as arrangers of the bond loan, with Eurobank acting as bondholder agent and administrative agent. Proceeds from DESFA’s bond issuance will be used to finance or refinance its capital expenditures and for the Group’s general corporate and working capital purposes. The Lambadarios team comprised partners Yannis Kourniotis and Prokopis Dimitriadis, counsel Konstantina Siozou and senior associate Theodoros Papadatos. The Koutalidis team was led by Managing Partner Nikos Koritsas and Partner Ioannis Kaptanis. 77 WWW.LAWYER-MONTHLY.COM DEC 2021 ABOUT THE DEAL