ING Bank supports the Digi group with funding of 150 million EUR

Over the last 10 years, ING has granted facilities of 3 billion EUR for Digi

ING Bank supported Digi Romania and Digi Communications, the parent company of the telecommunications operator, in arranging a credit facility worth 150 million euros, for a period of 3 years after the first use. The loan will be used to repay the group’s bonds, worth 450m euros, due in 2025.

The transaction was led by ING as Coordinator, Subscriber, Mandated Principal Arranger, Original Lender and Facility Agent.

ING continues to be one of the main banks of the Digi group. Every year in the last ten, ING has been actively involved in structuring syndicated facilities, bond issues, guaranteed loans from export agencies in various countries, as well as lines of guarantee letters necessary for the acquisition of radio spectrum, both in Romania and in the other countries in which the group operates.

In total, in the last 10 years, ING has granted facilities of EUR 3 billion for the Digi group.

„We are happy to support Digi with this new funding that allows them to focus on their development plans in the coming period. Over time, ING has been able to build a solid relationship with Digi, with each new transaction successfully concluded further strengthening our strategic partnership. The Digi Group has plans for growth both in Romania and in Western European countries, and we are determined to contribute from our role as financial partner to this success story.”, says Raluca Radbata, Coordinator of the Telecom, Media & Technology Sector, ING Bank Romania.

„ING Bank has been supporting the Digi Group’s expansion, locally and internationally, for 25 years now. Digi is now one of the most important telecom operators, both in Romania and in Europe, an example for telecom companies, with a strong management team and a vision focused on providing quality services at an affordable price for its customers, in a sustainable way, in all the countries in which it operates. Funding is an important benchmark for Digi, and the attractive terms of the transaction highlight Digi’s high creditworthiness as well as their external shock-resistant business model.“, added Andrei Dobre, Director of Telecom, Media & Technology at ING Bank N.V. Amsterdam.

ING  

ING Bank Romania is part of ING Group, a global international financial institution that provides banking services to more than 38 million individual customers, companies or institutions in more than 40 countries. Established in 1994, ING Bank Romania is now a universal bank, offering products and services to all categories of customers – large and small companies, financial institutions, small entrepreneurs and individuals. ING Bank Romania is the only bank with an organic growth from the top 10 local banks by assets, without purchasing customer portfolios or other banks. ING Bank Romania is a universal bank with over 1.7 million clients in three business segments: retail, SME & Mid-Corporate and Wholesale Banking.ING’s mission is to help people stay one step ahead, in life and in business.