Norton Rose Fulbright has advised Inter Cars on the extension, increase, and reorganization of its senior facilities in the aggregate amount of approximately PLN 2.54 billion (USD 642 million). Kinstellar, Magnusson, Kelemenis, and Glimstedt reportedly advised on the matter as well.
According to Norton Rose, Inter Cars is the second-largest distributor of automotive parts in Europe and third in the distribution of parts for commercial vehicles.
“The transaction included implementation of sustainability-linked loan provisions which commit Inter Cars S.A. to measure and report on achievement of certain sustainability performance targets,” the same firm reported.
The Norton Rose team included Partner Grzegorz Dyczkowski, Counsel Krzysztof Gorzelak, Associate Michal Rutkowski, and Paralegal Izabela Kregiel.
Editor's Note: After this article was published, Clifford Chance announced it had advised a consortium of banks including Bank Pekao, mBank, BNP Paribas Bank Polska, Caixa Bank, ING Bank Slaski, Bank Handlowy w Warszawie, and Santander Bank Polska on the extension and increase of the Inter Cars group's syndicated financing up to approximately PLN 2.54 billion.
The Clifford Chance team included Poland-based Partner Andrzej Stosio, Counsel Kacper Bardan, and Associates Artur Gladysz and Joanna Korycinska; Romania-based Managing Partner Daniel Badea, Counsel Cosmin Anghel, Associate Nicolae Grasu, and Trainee Georgiana Cupas; Czech Republic-based Partner Milos Felgr and Junior Lawyer Sara Bartlova; Slovakia-based Senior Associates Stanislav Holec and Junior Lawyers Lukas Ljubovic and David Herich; as well as further team members in the UK and Germany.