Digi Spain Telecom Secures €275 Million Financing with Clifford Chance's Assistance
Deal News | Apr 10, 2025 | Iberian Lawyer
Clifford Chance has provided legal advice for a significant €275 million financing arrangement for Digi Spain Telecom. The purpose of this financing is to refinance existing debt and enhance Digi's corporate and working capital. Clifford Chance advised a consortium of lenders, including Banco Santander, ING Bank, Banco Bilbao Vizcaya Argentaria, Raiffeisen Bank International, UniCredit Bank, CaixaBank, and Banco de Sabadell. These banks are serving in various capacities as mandated lead arrangers, bookrunners, and coordinators. Clifford Chance's team, led by Global Financial Markets partner Epifanio Pérez, included a team of associates from their offices in London, Amsterdam, and Bucharest, illustrating the firm's extensive international reach and expertise in complex financial arrangements.
Sectors
- Legal Services
- Telecommunications
- Financial Services
Geography
- Spain – Digi Spain Telecom is based in Spain, and several of the involved banks have a presence in Spain.
- Europe – The deal involves multiple European banks and Clifford Chance offices in London, Amsterdam, and Bucharest.
Industry
- Legal Services – The article focuses on legal advisory in the context of a significant financing deal.
- Telecommunications – Digi Spain Telecom is the beneficiary of the financing, marking relevance to the telecom sector.
- Financial Services – Involvement of banks like Banco Santander, ING Bank, and others in the financing arrangement indicates importance to the financial services industry.
Financials
- €275 million – The total financing amount secured for Digi Spain Telecom.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Digi Spain Telecom | Target Company | Company | Digi Spain Telecom is the entity receiving the €275 million financing. |
| Clifford Chance | Legal Advisor | Company | Clifford Chance provided legal advisory services for the financing deal. |
| Banco Santander | Mandated Lead Arranger, Bookrunner, Coordinator | Company | One of the leading banks in the financing arrangement. |
| ING Bank | Mandated Lead Arranger, Bookrunner, Coordinator | Company | A significant bank in the financing deal. |
| Banco Bilbao Vizcaya Argentaria | Mandated Lead Arranger, Bookrunner, Coordinator | Company | A key financial institution in the involved consortium. |
| Raiffeisen Bank International AG | Lender | Company | Participating bank in the financing package. |
| UniCredit Bank | Lender | Company | Part of the lending team. |
| CaixaBank | Lender | Company | Spanish bank part of the financing group. |
| Banco de Sabadell | Lender | Company | Participant in the financial transaction. |
| Epifanio Pérez | Global Financial Markets Partner | Person | Led the Clifford Chance team advising on the deal. |