Norton Rose Fulbright advises lenders on new multicurrency term loan and revolving credit facility for Polpharma

Global Press release - Business April 2024

Global law firm Norton Rose Fulbright has advised a syndicate of banks including ING Bank NV (London Branch) as documentation agent, Caixabank S.A. Oddział w Polsce, Bank Polska Kasa Opieki S.A., European Bank for Reconstruction and Development, BNP Paribas Bank Polska S.A., ING Bank Śląski S.A., Powszechna Kasa Oszczędności Bank Polski S.A., mBank S.A., Bank Handlowy w Warszawie S.A., Santander Bank Polska S.A. on a new multicurrency term loan and revolving credit facility for Windstorm Trading & Investments Limited and Zakłady Farmaceutyczne Polpharma S.A. 

The transaction value amounted to EUR 150m and PLN 2,5bn (totalling EUR 730m, i.e., PLN 3.22 bn).

The Warsaw team was led by senior associate Igor Kondratowicz and counsel Marta Kawecka. The team worked under the supervision of partner Grzegorz Dyczkowski, who heads the Warsaw office and the firm’s Warsaw banking and finance practice.

English law advice was provided by London-based partner James Dunnett. Cypriot law advice to the lenders was delivered by external legal counsel – Harneys.

Polpharma is the leader in the Polish pharmaceutical market and one of the leading drug manufacturers in the Central and Eastern Europe. The company was founded in 1935. Currently, they are part of a strong international pharmaceutical group, offering modern drugs, substances, and innovative solutions for patients and business partners worldwide. Its factories produce 400 million drug packages annually. The company’s goal is to help people live healthy lives in a healthy world. With a wide range of products from various therapeutic groups, they can support patients in the therapy and prevention of the most common diseases.

Marta Kawecka commented:

“This is another transaction involving Polpharma that we have advised on. We are proud to be part of the development of such an innovative company. Our active involvement in negotiations, representing multiple lenders, including the European Bank for Reconstruction and Development, further elevates the importance of the transaction.”

For further information please contact:

Beata Głuchowska, Business Development Manager

Tel: +48 22 581 4952  


Head of Warsaw
Senior Associate