Eversheds Sutherland Bulgaria assisted as local counsel Energo Pro on the issuance of its EUR 300,000,000 notes due 2035

10 August 2023

Tsvetkova Bebov & Partners, member of Eversheds Sutherland acted as local counsel to Energo-Pro and its Bulgarian subsidiary Energo-Pro Varna on the EUR 300 million issuance of senior unsecured notes due 2035. The notes are guaranteed by the US International Development Finance Corporation, an agency of the United States government.

Energo-Pro is a hydropower operator, distributor, and supplier of electricity in Central and Eastern Europe and the Black Sea region. It operates a portfolio of 34 hydropower plants in Bulgaria, Georgia, and Turkey and owns and operates electricity distribution networks in Bulgaria and Georgia. It is also investing in the development of new hydropower projects in Colombia.

Our team was led by Damyan Leshev, Partner, and included Principal Associate Yassen Spassov, Senior Associates Anastasiya Grunova and Victoria Marincheva and Associate Margarita Zhivkova. Managing Partner Nikolay Bebov was also involved in the transaction.