Clifford Chance
Clifford Chance advises lenders on financing for CCC of up to a total of PLN 1.8 billion
8 August 2024
- Mateusz Chmura, Miłosz Gołąb, Grzegorz Namiotkiewicz, Anna Biała, Anna Miernik, Miloš Felgr, Hana Čekalová, Tomáš Kubala, Cosmin Anghel, Radu Ropota
- Warsaw, Prague (Clifford Chance Prague Association, s.r.o., advokátní kancelář), Clifford Chance Badea, Bucharest
Clifford Chance advises lenders on financing for CCC of up to a total of PLN 1.8 billion
Global law firm Clifford Chance advised the lenders on syndicated financing for CCC S.A., including factoring, up to a total value of PLN 1.8 billion. The funds will be used to refinance the existing bank debt and to finance operating activities, including the further development of CCC and HalfPrice. The financing is partly based on export guarantees granted by KUKE.
The terms of the new facility agreement are linked to the implementation of sustainable development goals (ESG). The agreement as concluded in the Sustainability Linked Loans (SLL) formula. The financing consortium was composed of the following banks: mBank S.A., European Bank for Reconstruction and Development, Bank Pekao S.A., BNP Paribas Bank Polska S.A., PKO Bank Polski S.A., Santander Bank Polska S.A. and Bank Handlowy w Warszawie S.A. and the following factoring entities: Santander Factoring Sp. z o.o., mFaktoring S.A., PKO Faktoring S.A. oraz BNP Paribas Faktoring sp. z o.o.
The work of the Clifford Chance team was coordinated by Mateusz Chmura (Senior Associate) under the supervision of Miłosz Gołąb (Partner). Clifford Chance's Warsaw team also included Grzegorz Namiotkiewicz (Of Counsel), Anna Biała (Counsel), Anna Miernik (Senior Associate), Joanna Korycińska (Associate), Marta Świderska (Associate), Gabriela Kobak (Associate), Piotr Węcławowicz (Associate) and Krzysztof Burda (Associate), who advised on Polish law.
The Czech aspects of the transaction were handled by Miloš Felgr (Managing Partner), Hana Čekalová (Senior Associate), Tomáš Kubala (Associate) and Radek Sikora (Junior Lawyer) from Clifford Chance's Prague office.
The Romanian aspects of the transaction were handled by Cosmin Anghel (Counsel), Radu Ropota (Counsel) and Martha Busuiocescu (Trainee Lawyer) from Clifford Chance's Bucharest office.
Lawyers John Fenemore, Ágnes Ábrahám, Anna Sára Nagy and Veronika Bakonyi from law firm Lakatos, Köves and Partners advised on aspects of Hungarian law.
