Alpha Bank announces the successful completion of syndicated financing amounting to €325 million for THEON International, a leading European group in the field of the development and production of night vision and thermal imaging systems for defense and security applications.
According to a relevant announcement, the financing will support THEON's further growth trajectory, the implementation of its strategic initiatives and the strengthening of its international presence, contributing to maintaining the leading position it holds in the dynamically growing defense technology sector.
Αlpha Bank, acting as Exclusive Coordinator of the transaction, successfully coordinated the participation of leading Greek and international banking organizations.
Αlpha Bank, CrediaBank, Eurobank, the National Bank of Greece and Piraeus Bank participated as Mandated Lead Arrangers and Lenders, while BNP Paribas and Deutsche Bank participated as Lead Arrangers and Lenders.
The transaction attracted commitments exceeding the initial requested financing amount, demonstrating the strong interest of the banking market in companies of high credit quality in the defense sector.
The financing signing ceremony took place at Αlpha Bank's headquarters, where, on behalf of the bank, those present were Alpha Bank Group CEO Vassilis Psaltis, Chief Corporate and Institutional Banking Nikos Nezeritis, Syndications Director Eleonora Karamani and Athanasios Boukourakis, Deputy Head of Industrial and Resources.
Chief Corporate and Institutional Banking Nikos Nezeritis stated: «The completion of this transaction confirms Alpha Bank's commitment to supporting businesses with strong growth prospects and an international orientation. We are particularly proud of our cooperation with THEON, a company distinguished by its technological superiority, innovation and significant contribution to the European defense industry. At the same time, the transaction highlights the Bank's ability to design and implement complex financing solutions, mobilizing a strong network of domestic and international financial institutions for the benefit of its clients»
THEON's Chief Financial Officer Dimitris Parthenis stated: «This significant financing of €325 million from a consortium of Greek and European banks will support the implementation of the strategic acquisitions we have announced in recent months. The fact that we have secured more than €850 million of new liquidity over the last 12 months through debt and private capital demonstrates the strong confidence THEON enjoys from the banking and investment community and provides us with the means to continue consistently implementing our strategic goals».
The transaction constitutes another important milestone for Alpha Bank's Wholesale Banking activity, further strengthening its position as a reliable financial advisor and partner in complex large-scale transactions, both in the Greek and international markets. At the same time, it underscores the bank's active role in financing businesses that contribute to strengthening the technological base and competitiveness not only of the Greek but also of the European economy