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Gide Advises KGHM Polska Miedz on Loan Agreement with Bank Gospodarstwa Krajowego

Gide Advises KGHM Polska Miedz on Loan Agreement with Bank Gospodarstwa Krajowego

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Gide has advised KGHM Polska Miedz on receiving a USD 450 million unsecured working capital loan from Bank Gospodarstwa Krajowego. Deloitte Legal reportedly advised Bank Gospodarstwa Krajowego.

KGHM Polska Miedz, a Polish state-owned company listed on the Warsaw Stock Exchange, is a producer of copper and refined silver.

Bank Gospodarstwa Krajowego is a Polish development bank.

According to Gide, the funds will be used to finance the company's general corporate objectives.

Back in 2022, Gide advised KGHM on its sale of a stake in Sierra Gorda to South32 (as reported by CEE Legal Matters on March 8, 2022).

The Gide team included Partner Dariusz Tokarczuk and Counsel Marta Karminska.