Gide has advised Qemetica on a PLN 3.4 billion loan agreement with a consortium of ten Polish and international banks. White & Case reportedly advised the banks.
The financing consortium consisted of BNP Paribas Bank Polska, PKO Bank Polski, Bank Pekao, Bank Millennium, ING Bank Slaski, Credit Agricole Bank Polska, Industrial and Commercial Bank of China (Europe), mBank, Societe Generale, and Citi Bank Handlowy w Warszawie.
Qemetica is a Polish chemical company operating in sectors such as soda ash production, evaporated salt, plant protection products, polyurethane foams, silicates, and glass, as well as rail transport services.
According to Gide, the funds will be used to refinance the company's existing debt, finance the acquisition of a precipitated silica business, and support its ongoing operations.
Earlier in 2024, Gide advised on Qemetica's acquisition financing for PPG's precipitated silica business (as reported by CEE Legal Matters on September 5, 2024).
The Gide team included Partner Dariusz Tokarczuk and Of Counsel Marta Karminska.
