White & Case has advised a consortium of financial institutions on their up to PLN 1.57 billion financing – including a term loan, an investment loan, and a revolving credit facility – granted to Emitel. Clifford Chance advised Emitel.
The consortium of banks and other financial institutions that provided the approximately EUR 353 million financing to Emitel included Bank Handlowy w Warszawie, PKO Bank Polski, Bank Gospodarstwa Krajowego, Bank Pekao, DNB Bank ASA, BNP Paribas Bank Polska, Credit Agricole Bank Polska, Bank Ochrony Srodowiska, Alior Bank, and the PZU Group.
Emitel is an operator of terrestrial radio and television infrastructure in Poland.
According to White & Case, the term loan will be used to repay debt under the 2020 loan agreement, while the investment and revolving loans will be used to finance the company's operating activities as well as development investments and acquisitions.
The White & Case team in Warsaw included Partner Grzegorz Abram and Associates Magdalena Bachleda-Ksiedzularz and Marlena Skowronska.
The Clifford Chance team included Partner Andrzej Stosio, Senior Associate Maksymilian Jarzabek, Associate Bartosz Zielinski, and Junior Associates Artur Gladysz, Krzysztof Burda, and Mateusz Leleno.
