Premier Energy Secures €825 Million Loan to Finance Acquisition of Distribuţie Energie Oltenia

Premier Energy PLC management has signed a Bridge Facility Agreement, worth up to EUR 825 million, with J.P. Morgan and UniCredit, to finance the acquisition of Evryo Group, including its electricity distribution subsidiary, Distribuţie Energie Oltenia S.A., as well as to refinance a portion of the company’s existing debt, amounting to approximately EUR 100 million.

“The Bridge Facility provides the committed funds necessary to complete the Acquisition and refinance a portion of the existing debt,” said José Garza, CEO of Premier Energy.

DEO operates a regulated electricity distribution network in the southwestern region of Romania, spanning approximately 80,000 kilometers and serving approximately 1.5 million customers. The network is a key component of the national energy infrastructure and is the third largest electricity distribution network in Romania.

Source: economica.net