Greenberg Traurig Poland has advised Cyfrowy Polsat on the issue of series B bonds with an aggregate nominal value of PLN 1 billion.
On April 26, 2019, Cyfrowy Polsat, within its bond issue program, issued unsecured bearer series B bonds. The bonds were issued through a public offering addressed solely to professional clients, 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 on May 31, 2019.
According to Greenberg Traurig, the transaction also included the refinancing of the series A bonds issued by Cyfrowy Polsat in 2015, which was the first bond issue governed by the new Bonds Act in Poland.
Earlier Greenberg Traurig represented Cyfrowy Polsat in the acquisition of a majority stake in Netia (as reported by CEE Legal Matters on December 8, 2017), as well as in the acquisition of a majority stake in Poland's Eleven Sports Network (as reported on December 8, 2017).
The Greenberg Traurig team consisted of Managing Partner Jaroslaw Grzesiak, Partners Aleksander Janiszewski and Rafal Sienski, Senior Associate Marek Kleczek, and Associates Maja Gawrysiuk, Tomasz Szekalski, Martyna Komorniczak, and Michal Baldowski.