Digi Communications N.V. Announces the Conclusion of Facilities Agreements by Companies within Digi Group

(IN BRIEF) Digi Communications N.V. announced that its Romanian subsidiary, Digi Romania, alongside Digi Spain Telecom and the parent company, has secured two new financing agreements. The first is a Syndication and Amendment Agreement to increase an existing facility from €150 million to €220 million with a five-year maturity, involving new lenders including Banca Transilvania, BRD, Citibank Europe, and others. The second is an Export Credit Facility worth €61.9 million with ING Bank to fund the development of telecommunications networks in Romania, Spain, Portugal, and Belgium. 

(PRESS RELEASE) BUCHAREST, Romania, 9-Dec-2024 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), one of the leading European telecommunications companies, listed on the Bucharest Stock Exchange, would like to the market that Digi Romania S.A. (the Company’s subsidiary in Romania – “Digi Romania”), as borrower, together with the Company and Digi Spain Telecom S.L.U. as original guarantors have entered into two financing agreements, as follows: (I) a Syndication and Amendment Agreement to the Facility Agreement originally concluded on June 3, 2024 with ING Bank N.V. as underwriter, mandated lead arranger, bookrunner and original lender and ING Bank N.V., London Branch as facility agent, with the main aim of (a) increasing the existing total commitment of EUR 150,000,000 to EUR 220,000,000, with a maturity of 5 (five) years after the first utilization date and of (b) transferring by way of novation of part of the existing lender’s commitment to: Banca Transilvania S.A., BRD – Groupe Société Générale S.A., Citibank Europe Plc, Dublin, Romania Branch, ING Bank N.V. Amsterdam – Bucharest Branch, Banca Comerciala Intesa Sanpaolo Romania S.A., Raiffeisen Bank S.A. and UniCredit Bank S.A., as new lenders (the “New Lenders”); and (II) an Export Credit Facility Agreement in a total principal amount of EUR 61,922,818 with ING Bank N.V., as original lender, mandated lead arranger, agent and ECA agent, to be used with the purpose of financing the purchase of goods and services for developing the telecommunications networks of the Company’s subsidiaries in Romania, Spain, Portugal and Belgium.

About Digi Communications N.V.

We are a European leader in geographically-focused telecommunication solutions, based on the number of revenue generating units (“RGUs”) and a leading provider of telecommunication services in Romania and Spain, with a presence also in Italy, Portugal and Belgium.

Contacts:

Digi Communications NV
Phone no: +4031 400 4444
investor.relations@digi-communications.ro

Website:

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FAQs: Digi Communications N.V. Financing Agreements

1. What financing agreements has Digi Communications N.V. entered into?
Digi Communications N.V., through its subsidiary Digi Romania, has entered into two financing agreements:

• A Syndication and Amendment Agreement to increase an existing facility from €150 million to €220 million, with a maturity of five years.
• An Export Credit Facility Agreement worth €61.9 million to fund telecommunications network development in Romania, Spain, Portugal, and Belgium.

2. What is the purpose of the Syndication and Amendment Agreement?
The agreement aims to:

• Increase the total facility commitment from €150 million to €220 million.
• Transfer part of the lender’s commitment to several new lenders, including Banca Transilvania, BRD, Citibank Europe, and others.

3. What is the Export Credit Facility Agreement for?
The Export Credit Facility, worth €61.9 million, will be used to finance the purchase of goods and services for the development of telecommunications networks across Digi’s operations in Romania, Spain, Portugal, and Belgium.

4. Who are the key financial institutions involved in these agreements?
Key participants include:

• ING Bank N.V. (as original lender, mandated lead arranger, and facility agent).
• New lenders in the Syndication Agreement: Banca Transilvania, BRD – Groupe Société Générale, Citibank Europe, ING Bank Amsterdam – Bucharest Branch, Intesa Sanpaolo Romania, Raiffeisen Bank, and UniCredit Bank.

5. What is the maturity period of the Syndication and Amendment Agreement?
The Syndication and Amendment Agreement has a maturity of five years from the first utilization date.

6. Which countries will benefit from the funds provided by the Export Credit Facility?
The funds will support telecommunications network development in Romania, Spain, Portugal, and Belgium.

7. What is Digi Communications N.V.’s core business?
Digi Communications N.V. is a leading European provider of geographically-focused telecommunication solutions, primarily serving Romania and Spain, with operations also in Italy, Portugal, and Belgium.

8. Why is this announcement significant for Digi Communications N.V.?
The agreements reflect Digi’s strategic efforts to secure funding for expanding and enhancing its telecommunications infrastructure across multiple countries, reinforcing its position as a leading European telecom provider.

SOURCE: Digi Communications NV