Romanian electricity distributor and supplier Electrica is seeking shareholder approval to extend guarantees for a €200 million credit line that its distribution subsidiary, DEER, plans to contract from the European Investment Bank (EIB) to finance its three-year investment plan.
Additionally, Electrica’s shareholders will be asked to approve the extension of terms for a €90 million credit facility agreement with Erste Group Bank and Raiffeisen Bank, originally contracted in November 2021. This extension will prolong the availability date by one year and extend the terminal date by four years.
The EIB loan, which can be formalized through one or multiple agreements, will be secured by Electrica through an independent first-call guarantee, remaining valid until all obligations arising from the agreement are fulfilled.
