Clifford Chance has advised on a financing transaction under which Pepco Group obtained EUR 770 million from a syndicate of 10 banks. Eversheds Sutherland advised the banks.
According to Clifford Chance, the financing comprises new term facilities, which will be used to refinance the group’s existing indebtedness, as well as a revolving credit facility intended for general corporate purposes and to provide additional liquidity headroom for the group. Bookrunners and mandated lead arrangers were Citi Handlowy, ING Bank Slaski, J.P. Morgan Securities, Bank Polska Kasa Opieki, PKO Bank Polski, Santander Bank Polska, and UniCredit, with Barclays Bank, KBC Bank NV London Branch, and Raiffeisen Bank International as additional mandated lead arrangers.
The Clifford Chance team included Warsaw-based Partner Andrzej Stosio and Counsel Mateusz Chrusciak, with further lawyers in the UK.
The Eversheds Sutherland team included Czech Republic-based Partner Stanislav Dvorak and Principal Associate Vojtech Laga, Hungary-based Partner Richard Eordogh, Romania-based Senior Partner Cristian Lina, Managing Counsel Irina Stoicescu, and Associate Adrian Cristian Radu, and further lawyers in Poland, the UK, and the Netherlands.
