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Gide Advises KGHM Polska Miedz on PLN 2 Billion Financing Facility from EIB

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Gide has announced that it advised KGHM Polska Miedz on another major financing project, following less than a month after the the world’s leading copper producer had entered into a USD 2.5 billion investment loan agreement with a consortium of Polish and international banks (reported on by CEE Legal Matters on July 16, 2014 and July 21, 2014).

The new agreement involves a 12-year unsecured loan for PLN 2 billion (approximately USD 640 million) from the European Investment Bank, which KGHM intends to use to finance the costs of modernizing smelter installations and extend the “Zelazny Most” waste incineration facility. According to Gide, "KGHM states that this is the next step towards consolidating financing for the KGHM Capital Group’s strategic investments."

As in the previous deal, Gide’s team consisted of Partners Dariusz Tokarczuk and Pawel Grzeskowiak and Associate Marta Karminska.

 

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