Global law firm Norton Rose Fulbright has advised a consortium of banks on a PLN 629 million loan facility to be made available to Polish transport company, Przewozy Regionalne sp. z o.o. The purpose of the facility is to enable Przewozy Regionalne to purchase new rolling stock and to modernise existing stock. The consortium included Bank Gospodarstwa Krajowego, Bank Zachodni WBK S.A., Powszechna Kasa Oszczędności Bank Polski S.A. and European Investment Bank.
Przewozy Regionalne is the largest passenger carrier in Poland for domestic rail travel.
Grzegorz Dyczkowski, partner, Norton Rose Fulbright, comments:
“This deal follows a string of financing transactions that our team has completed this year, which is a significant achievement considering the challenging lending market. We are delighted to be able to assist Przewozy Regionalne in achieving its strategic growth ambitions.”
The Norton Rose Fulbright team was led by partner Grzegorz Dyczkowski and assisted by Piotr Milczarek (of counsel), senior associates Tomasz Rogalski and Joanna Braciszewska-Szarapa, associates Maksymilian Jarząbek and Konrad Leszko, as well as paralegal Adrian Więsław.
The team advised the lenders throughout the transaction and negotiated the finance documentation. Norton Rose Fulbright also structured and drafted the intercreditor agreement setting out the relationship between the various lenders and the borrower.
For further information please contact:
Bożena Sydorczyk, Business Development Executive
T: +48 22 58 14 981
Notes for editors:
Norton Rose Fulbright is a global law firm. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have 3800 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.
Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.
Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.
For more information about Norton Rose Fulbright, see nortonrosefulbright.com/legal-notices.