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Dentons, DLA Piper, Clifford Chance, and White & Case Advise on Trakcja's Debt Restructuring and Share Issuance

Dentons, DLA Piper, Clifford Chance, and White & Case Advise on Trakcja's Debt Restructuring and Share Issuance

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Dentons has advised Spain's Comsa S.A.U. on debt restructuring and its issue of new shares in Trakcja PRKiI S.A., a Polish infrastructure and energy company listed on the Warsaw Stock Exchange. The program’s value exceeds EUR 230 million and includes bridge and long-term financing provided by banks, insurance companies, and the Industrial Development Agency. DLA Piper advised Trakcja on the deal, White & Case advised the insurance companies, and Clifford Chance advised the Industrial Development Agency. Allen & Overy reportedly advised the banks.

The banks involved included mBank, Credit Agricole Bank Polska, Bank Polska Kasa Opieki, Bank Gospodarstwa Krajowego. The insurance agencies were AXA Ubezpieczenia Towarzystwo Ubezpieczen i Reasekuracji, Credendo-Excess & Surety Societe Anonyme (operating in Poland through Credendo-Excess & Surety Spolka Akcyjna), Generali Towarzystwo Ubezpieczen, Korporacja Ubezpieczen Kredytow Eksportowych, Sopockie Towarzystwo Ubezpieczen Ergo Hestia, Powszechny Zakład Ubezpieczen, and Towarzystwo Ubezpieczen UNIQA.

The Dentons team was led by Partner Jakub Celinski and included Counsels Piotr Nerwinski and Michal Wasiak, and Associate Lukasz Błaszczak.

The DLA Piper team included Co-Managing Partner Krzysztof Kycia, Partners Mariusz Hyla and Jakub Domalik-Plakwicz, Counsel Wojciech Kalinowski, Senior Associate Pawel Turek, Associates Adam Marszalek, Michal Banasiak, and Klaudia Lorent, and Junior Associates Alicja Grzebyk and Julia Rychlinska.

The Clifford Chance team included Partner Milosz Golab, Senior Associates Michal Jadwisiak, Maksymilian Jarzabek, and Wojciech Wator.

The White & Case team included Partner Tomasz Ostrowski and Local Partner Aneta Urban.  

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

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