26 August 2021
Clifford Chance advises a syndicate of lenders, led by Banco Santander as agent and sustainability agent and coordinator, on the ESG-linked financing granted to the Digi Group
Clifford Chance has advised Banco Santander, S.A., on the €30,000,000 bridge facility agreement and the lenders on the €132,000,000 ESG-linked syndicated facilities agreement entered into with, among others, DIGI Spain Telecom, as borrower.
The syndicated financing is linked to certain key ESG performance indicators, with Banco Santander acting as sustainability agent and coordinator.
Although both agreements were subject to English law, the transaction involved four different jurisdictions (i.e., Hungary, Romania, the Netherlands and Spain) with separate legal counsels in each jurisdiction. In this scenario, Clifford Chance Madrid acted as lead counsel.
The team at Clifford Chance Spain was comprised of Epifanio Pérez, Eugenio Fernández-Rico, James Rodier, Ignacio Magariños and Alejandro Cubillo.