Digi Romania’s €500 Million 2031 Notes Launch Marks Next Step in Digi Communications’ Multi-Year Debt Optimization Plan

Digi Communications Strengthens European Financing Structure with €500 Million Notes Offering and 2028 Bond Redemption

• Digi Romania launches €500M senior secured notes due 2031
• Proceeds to redeem €400M 2028 notes and refinance debt
• Listing planned on Euronext Dublin for institutional investors
• Managed by Barclays, Citigroup, ING, Santander, Société Générale & UniCredit
• Part of Digi’s ongoing refinancing initiatives across Europe

(NEWS) BUCHAREST, Romania, 20-Oct-2025 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), one of the leading European telecommunications companies, has announced that its Romanian subsidiary, Digi Romania S.A., is launching a €500 million Senior Secured Notes offering due in 2031. The proceeds will be used to redeem the existing €400 million 3.25% notes due in 2028, partially repay certain credit facilities, and cover associated transaction costs, according to the company’s latest announcement on EuropaWire.

The new notes, to be listed on Euronext Dublin, will be offered to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S. They will be secured by first-ranking collateral over Digi Romania’s movable assets and shares in certain group entities. The transaction is coordinated by Barclays Bank Ireland PLC and Citigroup Global Markets Europe AG, with ING Bank N.V., Banco Santander S.A., Société Générale, and UniCredit Bank GmbH acting as joint bookrunners. The redemption of the 2028 Notes is expected around 30 October 2025, contingent upon the successful completion of the new financing round.

This development extends Digi Communications’ continued focus on optimizing its capital structure and strengthening its balance sheet through successive refinancing and facility agreements over recent years.

In April 2025, Digi Communications announced that Digi Romania S.A. executed an incremental facility notice under its existing Senior Facilities Agreement from April 2023, adding €200 million in new credit for capital expenditures and general purposes (EuropaWire, 10-Apr-2025).

A month earlier, in March 2025, the company disclosed two export credit agreements totaling €54.77 million for network expansion in Romania and Portugal, while its Spanish subsidiary secured a €275 million facility to refinance debt and fund investments (EuropaWire, 28-Mar-2025).

In December 2024, Digi strengthened its financial base further by securing two financing agreements worth more than €280 million, including an Export Credit Facility of €61.9 million with ING Bank to support network development across Romania, Spain, Portugal, and Belgium (EuropaWire, 9-Dec-2024).

Earlier in September 2024, Digi Romania fully redeemed its €450 million Senior Secured Notes due 2025, following a redemption notice issued earlier that month (EuropaWire, 30-Sep-2024; EuropaWire, 16-Sep-2024).

These financing actions build on a steady trajectory of capital initiatives dating back to 2023, when Digi Communications concluded several major agreements — including a €150 million senior facility in April 2023 (EuropaWire, 24-Apr-2023) and two export credit facilities worth €132.7 million (EuropaWire, 25-Apr-2023).

Through this latest €500 million notes offering, Digi Communications continues its consistent approach to managing liquidity and refinancing debt maturities while supporting the long-term growth of its telecommunications infrastructure across Europe.