Stek has advised the shareholders of grid operator Alliander on granting a hybrid convertible loan to Alliander. Alliander managed to strengthen its financial position by EUR 600 million contributing to the investment challenges in its energy grid in view of the energy transition. The reverse convertible hybrid bond qualifies for 50% as equity in the assessment of Alliander’s credit rating. KPMG acted as financial advisor to the shareholders and EY as financial advisor to Alliander. Allen&Overy acted a legal advisor to Alliander.

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