Premier Energy EUR 825m JP Morgan UniCredit Evryo — NRG-IA

Financial Green Light for Evryo Takeover: Premier Energy Signs EUR 825 Million Agreement Premier Energy has secured a bridge facility of up to EUR 825 million from J.P. Morgan and UniCredit to finance the acquisition of the Evryo Group. This massive transaction, confirmed by reports from Romania Insider and Energy-Center, stands as one of the largest syndicated credit facilities in the Romanian energy sector over the past decade. The funds will be directly deployed to finance the acquisition of Evryo’s renewable energy generation assets and to refinance a portion of the acquired entities' existing debt. The Bridge Facility Agreement was structured in partnership with two of the world's leading financial institutions. J.P. Morgan and UniCredit are acting as joint bookrunners, underwriters, and mandated lead arrangers. This substantial banking backing underscores international financial markets' confidence in Premier Energy PLC’s integration capabilities and business model across Southeast Europe. The deal comes shortly after Premier Energy’s successful listing on the Bucharest Stock Exchange, signaling an aggressive expansion strategy. Through this move, the company practically doubles its operational footprint in green energy production, transitioning from a regional gas distributor to a vertically integrated renewable utility giant. The Strategic Pivot to Decarbonization and the Acquisition of Dobrogea's Giant Assets The primary driver behind this massive capital mobilization is the unique opportunity to acquire the portfolio owned by Evryo (formerly the CEZ Romania group). The targeted assets include the largest onshore wind farm in Romania and Eastern Europe, located at Fântânele-Cogealac, with an installed capacity of 600 MW, alongside a 22 MW hydro system near Reșița. For Premier Energy, this acquisition represents the ultimate shortcut to achieving its ambitious decarbonization targets without undergoing the lengthy process of developing greenfield projects from scratch. According to market analyses published by Energy-Center, Premier Energy has pursued vertical integration for several years. Owning a massive wind generation capacity provides a natural hedging tool against price volatility on the wholesale electricity market, while securing the power supply needed for its expanding retail customer base. New Dynamics in the Energy Market: Premier Becomes a Fully Integrated Utility The direct consequence of finalizing this acquisition is the structural reconfiguration of the Romanian energy market. Premier Energy ceases to be merely a gas distributor and supplier, transforming into the third-largest private producer of renewable electricity in the country. This consolidation provides the company with a major competitive edge over traditional suppliers, allowing it to offer integrated utility packages (gas and green electricity) to both industrial and residential consumers. For the national energy grid, placing the Fântânele-Cogealac wind farm under new, highly capitalized private management could trigger additional investments in energy storage systems. Battery integration is essential to mitigate grid imbalances caused by the intermittent nature of wind generation, a critical requirement that grid operator Transelectrica consistently demands from major producers. Refinancing Timeline and Operational Integration Challenges While the bridge loan secures the necessary liquidity to close the transaction swiftly, the main medium-term challenge remains the refinancing of this temporary facility. Premier Energy will need to replace the EUR 825 million bridge loan with long-term debt instruments, most likely by issuing green bonds on international markets or securing a long-term syndicated loan. The next critical milestone on the transaction timeline is obtaining final regulatory clearances from the Romanian Competition Council and the Commission for the Examination of Foreign Direct Investments (CEISD). Company representatives expect the transfer of operational control over Evryo’s assets to be completed in the second half of this year, marking the beginning of the actual merger of technical and commercial operations.