Dentons has advised Santander Bank Polska and BNP Paribas Bank Polska on granting a PLN 408 million financing to Nowel. Clifford Chance reportedly advised Nowel.
Nowel is a producer of frozen bread and bakery products.
According to Dentons, “the funds are aimed at refinancing the existing debt and financing the further development of the Nowel group, specializing in the production of baking bread. The company delivers its products to the largest retail chains in Poland and Europe. The financing was partially secured by the KUKE guarantee.”
The Dentons team included Partners Tomasz Zwolinski and Michal Wasiak, Counsel Pawel Dlugoborski, Senior Associate Aleksandra Czyz, and Associates Daria Dabrowska, Justyna Machnicka, and Kamil Bator.