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.
