IFLR1000

Pfleiderer Grajewo Zl744 million restructuring

25/2/2016
Restructuring, Investment grade bond/note issue, Refinancing
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Zl 744 million

$ 178.476 million

Completed

25/2/2016

Overview:

  • Pfleiderer Grajewo has undertaken a corporate reorganisation whereby Pfleiderer Grajewo became the parent of a restructured Pfeiderer Group.
  • As part of the deal the company has refinanced its existing debt through the use of a new dual tranche credit facility and a notes issue.
  • The deal consisted of a revolving credit facility with tranches of €60 million and Zl200 million and a €322 million notes issue.

Sam Duke - Editor

Jurisdiction:

Poland

Deal types:

Restructuring
Investment grade bond/note issue
Refinancing

Practice areas:

Banking
Capital markets : Debt
Restructuring and insolvency

Industry sector:

Consumer goods and services

Firms:
Allen & Overy

Party: Commerzbank AG (Security agent)

Lawyers: Franz Bernhard Herding, Peter Hoegen

Gleiss Lutz

Party: Pfleiderer Grajewo (Issuer, Borrower)

Lawyers: Andreas Spahlinger, Helge Kortz, Matthias Tresselt, Maximilian von Rom, Patrick Mossler, Stephan Aubel

Greenberg Traurig Nowakowska-Zimoch Wysokiński

Party: Pfleiderer Grajewo (Issuer, Borrower)

Lawyer: Rafał Sieński

Latham & Watkins

Party: Commerzbank AG (Lender)

Party: Deutsche Bank AG Na ON (Lender)

Party: Alior Bank (Lender)

Party: Bank Zachodni WBK (Lender)

Party: Bank Millennium (Lender)

Party: Powszechna Kasa Oszczednosci Bank Polski (PKO Bank Polski) (Lender)

Norton Rose Fulbright Dyczkowski and Partners, LP

Party: Commerzbank AG (Lender)

Party: Deutsche Bank AG Na ON (Lender)

Party: Alior Bank (Lender)

Party: Bank Zachodni WBK (Lender)

Party: Bank Millennium (Lender)

Party: Powszechna Kasa Oszczednosci Bank Polski (PKO Bank Polski) (Lender)

Lawyers: Grzegorz Dyczkowski, Tomasz Rogalski

Weil Gotshal & Manges – Paweł Rymarz (closed December 2019)

Party: Deutsche Bank AG Na ON (Underwriter)

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