White & Case advises ENERGO-PRO on €300 million bonds issuance guaranteed by the United States International Development Finance Corporation
1 min read
Global law firm White & Case LLP has advised ENERGO-PRO a.s. on the issuance of €300 million senior unsecured notes due 2035, which are guaranteed by certain of ENERGO-PRO's subsidiaries. In addition, the notes benefit from a guaranty by the United States International Development Finance Corporation, an agency of the United States government, making the transaction a first of its kind in Europe.
"We were delighted to have the opportunity to advise ENERGO-PRO on this first-of-its-kind financing," said White & Case partner, Rafael Roberti, who co-led the Firm's deal team. "This transaction highlights our ability to seamlessly deliver a cross-border team to execute on innovative financings for our clients, and adds to our strong track record advising on key deals in the international capital markets."
Partner Eva Svobodová, who co-led the Firm's deal team, said: "We are pleased that the White & Case team advised on this unique transaction, which secures long-term financing for ENERGO-PRO with attractive conditions during a challenging period in the global capital markets."
ENERGO-PRO is a leading hydro power operator, distributor and supplier of electricity in Central and Eastern Europe and the Black Sea region. It operates a portfolio of 34 hydropower plants in Bulgaria, Georgia and Türkiye and owns and operates electricity distribution networks in Bulgaria and Georgia. It is also investing in the development of new hydropower projects in Colombia.
The White & Case team that advised on the transaction was led by partners Rafael Roberti (New York), Eva Svobodová (Prague) and Stuart Matty (London) and included partner Melissa Butler (London) and associates Erik Illmann, Jan Vacula, Denisa Trpišovská (all Prague) and Edmund Gyasi (New York). The team was assisted by law clerk Ashley Chana (New York).
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