Fs Core Utilities S.A.R.L.

Utilitas District Heating Assets in Estonia – Refinancing

Industry
Social infrastructure/District heating
Area of finance
Project & Infrastructure Finance
Region
Europe
Europe
Countries
Estonia

Deal Overview

The financing supports the refinancing of existing debt facilities and additional capital expenditure for Utilitas, the largest district heating operator and renewable energy producer in Estonia. The transaction funds network expansion and further decarbonization across Utilitas' assets and...

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Deal Volume
$1.18bn
Financial Close
13/11/2025
Dealmakers
Sources
Submitted by participant(s)

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Tranches

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Project Deals

Utilitas District Heating Assets in Estonia
$1.18bn
Brownfield
District heating
Europe
Europe
Estonia