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Dentons, W&C, CMS, and A&O Advise on Pan-European Refinancing for P3 Logistic Parks

Dentons, W&C, CMS, and A&O Advise on Pan-European Refinancing for P3 Logistic Parks

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Dentons has advised P3 Logistic Parks on Polish and Romanian aspects of a EUR 1.4 billion pan-European refinancing of its logistics portfolio, with White & Case advising P3 on Czech and Slovakian aspects and Freshfields advising P3 on separate facilities for Western Europe (including Poland). Financing in Poland and Western Europe was provided by Morgan Stanley with Pbb as agent (advised by Allen & Overy), in Romania by Raiffeisen Bank International (advised by CMS), and in the Czech Republic and Slovakia by CSOB, CSOB Slovakia, Komercni Banka, UniCredit Bank, and Ceska Sporitelna (all advised by Clifford Chance).

P3 — one of Europe’s largest fully integrated logistics platforms — is owned by TPG Real Estate and Ivanhoe Cambridge. The company owns logistics parks and warehouses in nine European countries with a total warehouse space exceeding 3.3 million square meters.

The transaction was led for Dentons by Bucharest-based Partner Perry Zizzi and Warsaw-based Counsel Gabriel Olearnik, and included, in Warsaw, Partner Mateusz Toczyski, Partner Tomasz Stasiak, Senior Associates Iwona Huryn, Magdalena Szwarc-Brozyna, and Jakub Wieczorek, and Associates Olga Ziegler, Natalia Lawniczak-Koziol, Dorota Mierzejewska, Robert Semczuk, Krzysztof Mrozik, and Jan Zaremba. The Bucharest-based Dentons team included Managing Counsel Magdalena Raducanu, Partner Bogdan Papandopol, Senior Associates Oana Ionascu, and Madalina Trifan, and Associates Argentina Rafail and Razvan Constantinescu. The Dentons team in Prague consisted of Partner Daniel Hurych, Counsel Eleanor Johnson, and Associate Lucie Siva.

The White & Case team advising P3 was led in Prague by Partner Jonathan Weinberg, and included, in Bratislava, Partner Marek Staron, and Associates Simona Rapava, Kristina Klenova, and Michal Zathurecky.

The Allen & Overy team advising Morgan Stanley included Senior Associates Anna Madra and Michal Smolny, Associates Artur Rutkowski and Patrycja Pakla, and Junior Associates Weronika Neja and Jakub Mukulowski.

The CMS team advising Raifeissen Bank was led by Bucharest-based International Finance Partner Simona Marin, supported by Managing Associate Roxana Fratila and Associates Catalina Gildau, Lawrence Florescu, and Alexandru Dumitrescu in Bucharest, Partner Malgorzata Chrusciak, Associate Paulina Kotecka, and lawyer Joanna Nycz in Warsaw, Associate Lukas Valusek in Prague, and Partner Vivian Walry, Senior Associate Nicolas Gerique, and Associate Julien Gerique in Luxembourg.

Freshfields and Clifford Chance did not reply to our inquiries on the matter.

Editor's note: After this article was published Dentons informed CEE Legal Matters that it had advised P3 Logistic Parks on the Polish and Romanian aspects of its pan-European refinancing. The firm's team performing due diligence on the Polish and Romanian portfolios and negotiating loan documentation led by Bucharest-based Partner Perry Zizzi and Warsaw-based Counsel Gabriel Olearnik, and consisted, in Warsaw, of Partners Mateusz Toczyski and Partner Tomasz Stasiak, Senior Associates Iwona Huryn, Magdalena Szwarc-Brozyna, and Jakub Wieczorek, and Associates Olga Ziegler, Natalia Lawniczak-Koziol, Dorota Mierzejewska, Robert Semczuk, Krzysztof Mrozik, and Jan Zaremba; in Bucharest of Managing Counsel Magdalena Raducanu, Partner Bogdan Papandopol, Senior Associates Oana Ionascu and Madalina Trifan, and Associates Argentina Rafail and Razvan Constantinescu; and in Prague of Partner Daniel Hurych, Counsel Eleanor Johnson, and Associate Lucie Siva.

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