Clifford Chance has advised Credit Agricole CIB/Credit Agricole Bank Polska S.A. on a PLN 1.545 billion (approximately EUR 515 million) refinancing facility for Multimedia Polska S.A. Allen & Overy represented Multimedia Polska.
Credit Agricole CIB/Credit Agricole Bank Polska acted as Initial Mandated Lead Arranger, agent, security agent, book runners, and global and local coordinator.
Multimedia Polska S.A. is a cable and telecommunications operator in Poland that provides services for consumers and business customers, offering digital television with VoD, broadband landline and mobile Internet, landline and mobile telephone services, insurance products, apartment security monitoring services, and energy services. According to Clifford Chance, “the company is one of the first to begin providing multiple services – traditional telecommunications services with other utility-type services for households: electricity, gas, security monitoring, insurance.”
The facility was granted to refinance the company's indebtedness to bondholders and two bank consortia.
The Clifford Chance team was led by Frankfurt-based Partner Loren Richards and Warsaw-based Partner Grzegorz Namiotkiewicz. The team also included Counsel Marcin Krysa, Senior Associate Maciej Bochenski, and Associates Tomasz Walerowicz, Maksymilian Rzegocki, and Natasha Fricker.
The Allen & Overy team consisted of Partner Piotr Lesinski and Senior Associate Konrad Zawistowski.