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Clifford Chance Advises Banks on LPP Bond Issue

Clifford Chance Advises Banks on LPP Bond Issue

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Clifford Chance has advised a consortium of Bank Pekao, PKO BP, Santander Bank Polska, and BNP Paribas Bank Polska on LPP S.A.'s bond issue program of up to PLN 300 million, including registration with the Central Securities Depository of Poland and introduction to the Alternative Trading System of the Warsaw Stock Exchange.

LPP is a Polish family business that manages the Reserved, Cropp, House, Mohito, and Sinsay fashion brands. The company has over 1700 stores. According to Clifford Chance, the company intends to use the funds raised in the bond issue to build a distribution center in Brzesc Kujawski.

Clifford Chance's Warsaw-based team included Partner Grzegorz Namiotkiewicz, Counsel Grzegorz Abram, Senior Associate Pawel Zagerski, and Associate Roksana Kaluzna.