Norton Rose Fulbright has advised the lenders on the increase and extension of a multi-currency revolving credit facility for Pfleiderer Polska Group members. Rymarz Zdort Maruta reportedly advised the Pfleiderer Polska Group.
The consortium of banks involved included Bank Polska Kasa Opieki as the agent and security agent and Bank Millennium as a lender.
The Pfleiderer Polska Group is a wood-based panel manufacturer in Europe with annual sales of approximately EUR 700 million and around 2,000 employees.
According to Norton Rose, “the purpose of this credit facility is to support the group's general corporate purposes and working capital requirements. The financing also included the ancillary facilities provided by each lender to the Pfleiderer Polska Group members.”
Pfleiderer Polska was recently acquired by Bogdan and Elzbieta Kaczmarek and the Innova Capital private equity fund in a corporate carve-out transaction from the Strategic Value Partners-owned Pfleiderer Group (as reported by CEE Legal Matters on January 17, 2024).
The Norton Rose team included Partner Grzegorz Dyczkowski, Counsel Jacek Smardzewski, Associate Michal Rutkowski, and Lawyer Dominika Wojtkowska.