White & Case has advised Orlen on the issuance of seven-year series-B registered Eurobonds with a total nominal value of EUR 500 million. Clifford Chance advised the banks involved.
Orlen is the largest multi-energy company in Central and Eastern Europe.
According to White & Case, “the Eurobonds will bear fixed rate interest of 4.750% per annum and will be listed on the regulated market of Euronext Dublin and the Warsaw Stock Exchange. The bonds were issued under Orlen’s EUR 5 billion Medium Term Note program, updated in June 2023 to include the recent acquisitions of Grupa Lotos and PGNiG.”
The White & Case team included Warsaw-based Partner Marcin Studniarek, Local Partner Bartosz Smardzewski, and Associate Dawid Ksiazek, as well as further team members in London.
The Clifford Chance team included Partner Matt Fairclough and Grzegorz Namiotkiewicz, Counsel Aleksandra Rudzinska, Senior Associate Eric Green, and Junior Associate Zuzanna Bartczak.