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Karatzas & Partners advises Ellaktor S.A

ENERGY LAW

Karatzas & Partners advises Ellaktor S.A

Karatzas & Partners advised the initial purchasers in connection with the high yield bond offering of €600 million 6,375% senior unsecured notes due 2024 issued by Ellaktor Value PLC, a wholly-owned subsidiary of Ellaktor S.A. It is the biggest high-yield offering for Greece, following the Greek sovereign debt crisis. The gross proceeds of the notes will be used to prepay certain indebtedness of Ellaktor S.A., Aktor Concessions S.A. and AKTOR S.A., to pay related fees and expenses and for general corporate purposes, while an amount equal to the net proceeds from this notes will be allocated to Eligible Green Projects, making it the biggest high yield green-bond offering in Europe for the year 2019.