White & Case has advised Polish mobile telecoms operator P4, which trades as Play, on its groundbreaking, inaugural EUR 870 million and PLN 130 million, dual-tranche high yield bond issue and entry into a new super senior revolving credit facility.
Play is a portfolio company co-owned by Olympia Development and London based investment firm, Novator.
White & Case Partner Jill Concannon, who advised on the bond issue, declared it to be “the largest debut high yield bond deal since 2010, the largest Central & Eastern Europe high yield deal ever, the second largest European telecoms debut ever and the first ever Polish zloty-denominated high yield bond issued on the international capital markets.”
The White & Case team advising Play was co-led by Partners Jill Concannon and Ian Bagshaw, and included Partners Ross Allardice, Jeremy Duffy, Rob Mathews, Marcin Studniarek, and Rob Irving, Local Partner Nicholas Coddington, Counsel Gregorz Jukiel, and Associates James Greene, Rafal Kaminski, and Aneta Urban.
