Vista Bank (Romania) and Optima Bank (Greece) arranged a syndicated loan of EUR 61 million for Premier Energy Group, one of the fastest growing energy infrastructure holdings in South East Europe
July 30, 2024
Bucharest, July 30, 2024 - The facility was arranged by Vista Bank and Optima Bank, both acting as joint Lenders, while Vista Bank also acted as Mandated Lead Arranger, Facility Agent, Security Agent, and Account Bank. The facility of €61 million will be used by Premier Renewable Invest Co. SRL to finance the acquisition of the shares in Eolica Dobrogea One SA member of Iberdrola Group. The target is to operate a wind park with 40 turbines and a total capacity of 80MW.
Premier Renewable Invest Co. SRL is part of the Premier Energy Group, one of the fastest-growing energy infrastructure groups in Southeastern Europe, operating three business segments: (i) production, management, and supply of renewable energy together with its subsidiary Alive Capital, (ii) production, supply, and distribution of electricity, and (iii) distribution and supply of natural gas. Since May 2024, Premier Energy PLC has been listed in the main market of the Bucharest Stock Exchange.
Georgios Athanasopoulos, CEO al Vista Bank, said on the occasion of the signing: “We are delighted to grant this credit facility to Premier Renewable Invest Co. SRL, member of Premier Energy Group - a valuable partner of Vista Bank and one of the fastest growing energy and power infrastructure holdings in Southeastern Europe. It’s another important project in the series of green financing which emphasizes our commitment to supporting clients actively participating in energy transition. Today, more than ever, banks and energy companies need to work together to ensure a better future, based on energy independence and sustainability.”
Jose Garza, CEO of Premier Energy Group, shared his thoughts on this significant milestone: “We are pleased to have a partner such as Vista Bank helping us close the biggest deal yet for our group. We believe achieving our growth objectives must be done with good partners. We are proud to contribute to the green energy transition and to be a step closer to our objective of having an installed capacity of 1.4 - 1.5 GW in the next few years. This acquisition marks a significant step forward in our mission to provide sustainable and reliable energy solutions in Romania and the region.”
About VISTA BANK
With more than 25 years of existence on the Romanian market, VISTA BANK has continuously evolved and contributed to the development of the Romanian economy and the welfare of its clients. As a universal bank, VISTA BANK aims to offer tailor-made, high-quality financial solutions. In recent years, the bank has grown both organically and through the acquisition of Crédit Agricole Bank Romania in 2021, thus advancing in the Romanian banks ranking. Scaling up its business will allow the bank to accelerate growth and improve its capacity to offer better banking experience to its existing and future clients. For more information: www.vistabank.ro
About Premier Energy Group
With one of the fastest growing in the region of Central and South Eastern Europe, the Premier Energy group is active in three main areas: supply and distribution of natural gas, production, supply and distribution of electricity and production of energy from renewable sources (wind and solar) in Romania and Republic of Moldova. The expansion of the group was done through new acquisitions and the development of new projects in the field of renewable energy, thus becoming one of the important regional players in this sector. From May 2024, Premier Energy (PE) is listed on the main market of the Bucharest Stock Exchange. For more information: https://www.premierenergygroup.eu/ro/
