Eesti Energia signed a loan agreement to refinance the bond
Ellex in Estonia Partner Raino Paron and Counsels Triin Frosch and Toomas Kasesalu advised Eesti Energia on a syndicated loan agreement in the amount of 600 million euros.
On February 15, Eesti Energia signed a syndicated loan agreement in the amount of 600 million euros. The purpose of the term loan is to refinance the company’s bond and continue with the investments planned in customer solutions, the growth of micro-producers’ connection opportunities in the electricity grid, and the development of the carbon-neutral chemical industry.
The 600 million euro transaction was prepared and implemented by Ellex Raidla, Clifford Chance, Sorainen, Dentons, TMF Group and ISS Corporate Solutions.
Eesti Energia is an international energy company whose home markets are the Baltic States, Finland and Poland. The group is engaged in both energy production and sales, as well as offering useful and convenient energy solutions to customers. The group’s goal is to achieve carbon neutrality in electricity production by 2035 and in the entire group’s production by 2045. Outside Estonia, the group operates under the brand name Enefit.
Read more HERE.