Norton Rose Fulbright and Asters have advised a syndicate of banks on its provision of a PLN 1.5 billon loan to Polish, Russian, Romanian, Ukrainian, and German members of the Cersanit Group. Romania's Ionescu si Sava reportedly also advised the syndicate. Clifford Chance advised Cersanit on the deal.
The banking syndicate consisted of Bank Polska Kasa Opieki S.A. as the agent, the security agent, and original lender, as well as mBank S.A., ING Bank Slaski S.A., Santander Bank Polska S.A., BNP Paribas Bank Polska S.A., and Powszechna Kasa Oszczednosci Bank Polski S.A. as original lenders.
Cersanit is a producer and distributor of goods used in finishing and fitting out bathrooms, such as ceramic tiles, sanitary ceramics, bathroom furniture, bathtubs, wall-mounting fixing frames, and fittings. The company operates in Poland and across Europe, the Middle East, Central Asia, and North Africa.
Norton Rose Fulbright’s team consisted of Warsaw-based Partner Grzegorz Dyczkowski, Counsel Jacek Smardzewski, Associate Karolina Majcher, and Paralegal Michal Rutkowski, as well as Frankfurt-based Partner Bernhard Fiedler and Associate Julia Tschickardt.
Asters' team included Partner Iryna Pokanay, Counsel Gabriel Aslanian, and Associates Inna Bondarenko and Viktoria Zagreba.
Clifford Chance’s team consisted of Warsaw-based Partner Andrzej Stosio, Senior Associate Kacper Bardan, and Associate Artur Gladysz, as well as Moscow-based Managing Partner Victoria Bortkevicha and Associate Veronika Orlova.