Meridiam and its partners have closed the €80 million ($91 million) refinancing of Netcity Telecom, which has operated since 2008 the underground telecommunications network in Bucharest, in a 49-year concession agreement with the Municipality.
Meridiam has an 80 percent stake in Netcity Telecom, alongside E-INFRA Group, a Romanian group active in the field of energy, constructions and telecommunications infrastructure that holds the remaining 20 percent.
The refinancing, led end-to-end by Meridiam, convened a diverse group of leading financial intuitions, including an international institutional investor, international bank and Romanian bank. According to Meridiam, it represents the first project finance bond issuance in Romania and establishes a market record with tenors of up to 26.5 years, setting a benchmark for Romanian infrastructure financing in terms of maturity, financing conditions and flexibility. This operation also provides flexibility to support a fut
