Bernitsas has advised Helleniq Energy Group on a liability management exercise and a new issuance of notes.
Helleniq Energy Holdings, formerly known as Hellenic Petroleum SA, is one of the largest oil companies in Southeast Europe, according to the firm.
According to Bernitsas, the liability management exercise consists of an invitation made by Helleniq Energy Finance to holders of its outstanding (approximately) EUR 600 million notes due October 2024 to "tender their existing notes for purchase by HEF for cash, in combination with the issuance and offering to international and domestic institutional investors through a bookbuilding process of EUR 450 million new notes due July 2029 guaranteed by Helleniq Energy Holdings and Hellenic Petroleum RSSOPP, and the listing of the new notes on the Euro MTF market of the Luxembourg Stock Exchange."
In 2023, Bernitsas advised Helleniq Energy Holdings on a EUR 400 million refinancing (as reported by CEE Legal Matters on December 1, 2023). Back in 2022, Bernitsas also advised Helleniq Energy Holdings on the EUR 33.5 million joint financing of its subsidiary Hellenic Petroleum Digital by Alpha Bank and the Recovery and Resilience Fund (as reported by CEE Legal Matters on November 23, 2022).
Bernitsas did not respond to our inquiry on the matter.
