Global law firm Clifford Chance advised Światłowód Inwestycje sp. z o.o. on PLN 3.7 billion senior facilities provided by a consortium of lenders to finance the expansion of the Company’s fiber network coverage and to refinance its existing debt. The facilities include PLN 2,090 million Term Loan, PLN 560 million Capex Facility, PLN 800 million European Investment Bank facility (including Term Loan and Capex Facility), and PLN 250 million Revolving Credit Facility. On top of the Facilities there is an additional uncommitted incremental facility of PLN 750 million to potentially support further growth.
The Facilities provided by the commercial lenders and European Bank for Reconstruction and Development include ESG provisions in accordance with the Green Loan Principles and Sustainability-Linked Loan Principles developed by the Loan Market Association. The European Investment Bank loan is in line with the EU financing arm’s top environmental and social standards driving sustainable and inclusive development. Part of the EIB financing is supported by the InvestEU programme from the European Union.
The financing consortium consists of: Bookrunners and Mandated Lead Arrangers – Bank Pekao, BNP Paribas Bank Polska, European Bank for Reconstruction and Development, European Investment Bank, ING Bank Śląski, PKO Bank Polski, Societe Generale, TFI PZU and UniCredit; Mandated Lead Arrangers – Bank Gospodarstwa Krajowego and Santander Bank Polska; Lead Arrangers – mBank and Raiffeisen Bank International.
The Clifford Chance team working on the transaction was led by Kacper Bardan (Counsel) and supervised by Andrzej Stosio (Partner). It included Artur Gładysz (Senior Associate), Mateusz Leleno (Associate), Natalia Zań (Trainee) and Anna Kalinowska (Trainee). Dutch law advice was provided by Titus de Vries (Managing Partner), Genia Baardman (Associate), Bart Stuyfzand (Trainee) and Martine Trip (Associate). French law advice was provided by Sandrine Colletier (Senior Counsel)..
