Clifford Chance has advised lenders Santander Bank Polska, Alior Bank, Bank Millennium, Bank Polska Kasa Opieki, and the EBRD on their financing for Gemini Polska. E+H advised Santander Bank Polska. CMS reportedly advised Gemini Polska.
"The financing included an [export credit agency]-backed facility with the purpose of financing, among other things, the development of an automatic warehouse," Clifford Chance informed. "The financing was provided by Santander Bank Polska, where OeKB acted as an ECA cover provider and Banco Santander acted as ECA Agent. The revolving financing was granted in the form of a revolving loan from the commercial banks and reverse factoring provided by Santander Factoring, Pekao Faktoring, and Bank Millennium."
Gemini Polska is a pharmaceutical retailer in Poland operating around 250 pharmacies and a pharmacy e-commerce platform in the country.
The Clifford Chance team included Partners Andrzej Stosio and Grzegorz Namiotkiewicz, Counsels Mateusz Chrusciak and Anna Biala, Senior Associate Wojciech Wator, Junior Associates Aleksandra Bialyszewska and Maria Halasa, and Trainees Joanna Korycinska and Mateusz Leleno, as well as lawyers from the firm’s German offices.
The E+H team was led by Partner Laurenz Liedermann and included Partners Marcus Benes and Ulrike Sehrschoen and Associates Jakob Haider and Niklas Nigl.