Greenberg Traurig has advised Cyfrowy Polsat on the issuance of sustainability-linked series E bonds with an aggregate nominal value of PLN 820 million. Baker McKenzie advised the Trigon Brokerage House, Bank Pekao, and Santander Bank Polska on managing the issuance.
Grupa Polsat is a Polish media and telecommunications group with over 6 million customers. It offers access to telecommunications, digital pay TV, and the Internet.
According to Greenberg Traurig, “Cyfrowy Polsat, within its bond issue program, issued unsecured bearer series E bonds. The bonds were issued through a public offering addressed solely to qualified investors, which did not require a prospectus or an offering memorandum to be prepared. The company introduced the bonds to the Alternative Trading System operated by the Warsaw Stock Exchange within the framework of the Catalyst market.”
Previously, Greenberg Traurig advised on Polsat Plus Group's corporate bond issuance in 2022 (as reported by CEE Legal Matters on December 23, 2022) and, in 2020, on Cyfrowy Polsat’s first corporate green bonds issuance (as reported by CEE Legal Matters on February 19, 2020).
The Greenberg Traurig team included Partner Daniel Kaczorowski, Local Partner Paulina Kimla-Kaczorowska, Senior Associate Agnieszka Stopinska, and Associates Katarzyna Goljan and Michal Kuratowski.
The Baker McKenzie team included Partner Michal Glowacki, Associate Bartosz Ordon, Lawyer Kajetan Huruk, and Trainee Izabella Bednarz.