International law firm Clifford Chance has acted for ING on a Finnvera-covered export credit facility agreement and an EKN-covered export credit facility agreement for Digi Communications N.V., a leading telecommunication group with businesses in Romania, Spain, Italy, Portugal and Belgium.
The Clifford Chance Amsterdam, Madrid and Bucharest teams together with the Hannes Snellman teams in Helsinki and Stockholm advised ING Bank N.V., EKN and Finnvera on these swiftly concluded twin export credit financings.
The debt financing for Digi will be used towards the supply of telecom equipment and services to the company’s entities in Romania and Portugal under contracts with Ericsson and Nokia.
The Clifford Chance cross-border team was led out of Amsterdam by David Woolmer, supported by Priyanka Paunrana and John Moran with Dutch law support led by Amin Tamaddoni and Jasper Leistra, Spanish law support from Antonio Sanchez-Cirujano, James Rodier and Jose Guardo from the Madrid office, and Romanian law support from Nicolae Grasu, Madalina Mailat, Cosmin Anghel and Daniel Badea from the Bucharest office.
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