White & Case advises Citigroup Global Markets Europe on DL Invest Group’s €350 million high yield bonds issuance

Global law firm White & Case LLP has advised Citigroup Global Markets Europe AG, as global coordinator and bookrunner, on the issuance by DL Invest Group PM S.A. (DL Invest Group) of high yield bonds with a total nominal value of €350 million.

The bonds, with the interest of 6.625% per annum and maturing in 2030, were offered and sold in compliance with Regulation S of the US Securities Act and are listed on the Euro MTF market of the Luxembourg Stock Exchange.

Proceeds from the bond issuance will be used to redeem all existing bonds issued by DL Invest Group, repay loans of the group and its subsidiaries, finance new investment projects and cover the costs and fees related to the offering and issuance.

DL Invest Group is a Polish real estate developer and investor with more than 17 years of experience in the commercial real estate market.

The White & Case team which advised on the transaction included partners Marcin Studniarek (Warsaw) and James Greene (London), local partner Bartosz Smardzewski (Warsaw) and associates Shushi Hovannisian (London), Dawid Książek, Michał Truszczyński and Klaudia Pacocha (Warsaw).

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