Vista Bank arranged a syndicated loan of EUR22 million for Premier Energy Group, member of EMMA Capital, one of the leading Investment Funds in SEE
March 25, 2022
Vista Bank arranged a EUR22 million Syndicated Loan for Premier Energy Group, one of the fastest growing energy and power infrastructure holdings in Southeastern Europe and the 3rd largest distributor and supplier of natural gas in the Romanian market. The syndicate of Lenders is made up of VISTA BANK, as mandated arranger, agent, security agent and account Bank, and Lender, CREDIT AGRICOLE ROMANIA and VISTA Leasing as Lenders.
The facility will be used for the refinancing of a loan pertaining to the acquisition of a wind farm with a capacity of 34,5MW located in Stejaru, Tulcea, previously owned and operated by Enercon GmbH.
About Premier Energy Group
The add-on to the Premier Energy Group of Ecoenergia SRL is part of the Group’s focus on the European Green Deal initiatives and UN Sustainable Development Goals with clear ESG guidelines and policies in place.
The main business lines of Premier Energy Group are on the one hand, the generation, distribution and supply of electricity in Republic of Moldova and on the other hand, the distribution and supply of natural gas in Romania.
As part of the group’s expansion policy, Premier Energy is targeting renewables (wind, photovoltaic and gas to power) both in Romania and the neighbouring countries – Bulgaria, Greece, Croatia, with an aim to add to its portfolio 300-500 MW of renewables in the following years.
In Romania, Premier Energy Group controls through its vehicle Ligatne Limited, the 3rd largest distributor and supplier of natural gas, with over 450 employees.
About Vista Bank
Vista Bank has been present in the Romanian banking market since 1998, being formerly known as Marfin Bank. With a network of 31 branches and 320 employees, Vista Bank provides a full range of products and services to local and international clients. Following the taking over in July 2018 by a strong shareholders group, one of the largest industrial conglomerates in South East Europe, the bank has seen a significant strengthening of its business, management and strategy.
In line with the strategy of consolidating its market position, Vista Bank completed in September 2021 the acquisition of 100% shares in Crédit Agricole Romania. After the merger of the two entities, expected to finalize in 2022, Vista Bank will have total assets of above € 1.5 billion. Scaling up its business will allow the bank to increase efficiency, accelerate growth and improve its capacity to offer a better banking experience to existing and future clients. For more information, please visit www.vistabank.ro
