4 defence financings involving Greece since 2015, and 1 investment and M&A deals, each with its terms and primary sources.
Randeep Bubbra | Lawyer | Making defence financeable
By date of signing, pricing or announcement. Volume in US$bn at approximate annual average rates; 2026 runs to 27 Oct 2026.
| Year | Bank and acquisition loans | Total |
|---|---|---|
| 2021 | – | 0 · US$0m |
| 2022 | – | 0 · US$0m |
| 2023 | – | 0 · US$0m |
| 2024 | – | 0 · US$0m |
| 2025 | 2 · US$452m | 2 · US$452m |
| 2026 | 2 · US$348m | 2 · US$348m |
Theon International €300m senior revolving credit facility (2025), 9 Oct 2025.
| Type | Financings | Funded (US$) |
|---|---|---|
| Bank facility | 4 | US$800m |
BNP Paribas (1), Commerzbank (1).
Counts are financings on file where the bank or lender is named. All lenders.
| Date | Financing | Type | Amount |
|---|---|---|---|
| 18 Sep 2026 | EIB €250m covered bond and guarantee with National Bank of Greece for security and defence | Bank facility | €250m |
| 20 Jul 2026 | EIB €50m intermediated loan to CrediaBank for security and defence | Bank facility | €50m |
| 18 Dec 2025 | EIB €100m intermediated loan to Piraeus Bank for security and defence | Bank facility | €100m |
| 9 Oct 2025 | Theon International €300m senior revolving credit facility (2025) | Bank facility | €300m |
| Date | Deal | Type | Value |
|---|---|---|---|
| 7 Feb 2024 | Theon International IPO on Euronext Amsterdam | IPO | €154m |
Totals are US$ equivalents of funded deals at approximate annual average rates; programme-level and conditional commitments are listed but left out. Records come from public, primary sources. How the register is built.
Deals, terms and the clauses behind them, for the people financing primes, mid-tiers and new defence technology. By Randeep Bubbra.
Working on a financing like this? Book 20 minutes with Randeep to see how it compares.