Premier Energy PLC has signed a bridge financing facility of up to EUR 825 million with JP Morgan and UniCredit to fund the acquisition of the Evryo group, including electricity distribution company Distribuție Energie Oltenia (DEO), the company said in a statement. The financing will be used to cover the purchase of Evryo, owned by funds managed by Macquarie Asset Management, as well as transaction costs and the refinancing of approximately EUR 100 million in existing debt linked to Premier Energy’s current bank loans. The company said the bridge facility is a temporary structure that will later be replaced with long-term financing, which may include a bond issue, a syndicated loan, or a combination of the two.