Newsroom
News
Press Release

White & Case Advises Synthos on Issuance of €600 Million Bonds and Related Credit Financings

Global law firm White & Case has advised Synthos S.A., a Polish chemical company operating in the synthetic rubber and styrene plastics industry, on the issuance of €600 million seven-year bonds on the international markets.

The bonds, which have a fixed interest rate of 2.5% and were issued under New York law, are listed on the Global Exchange Market Euronext in Dublin. BNP Paribas and Goldman Sachs Bank Europe SE acted as global coordinators and Bank Pekao SA, Banco Santander, ING and PKO BP acted as joint bookrunners.

White & Case also advised Synthos on the renegotiation of revolving loan agreements of up to €500 million, the repayment of the existing term loan, the negotiations of an inter-creditor agreement and security documentation.

White & Case recently advised Synthos on the acquisition of a synthetic rubber business from Trineseo for nearly US$450 million.

The White & Case team which advised on the issuance was led by local partner Andrzej Sutkowski (Warsaw) and partner Jill Christie (London) and included partner Grzegorz Abram (Warsaw), counsel Bartosz Smardzewski and Grzegorz Jukiel (both Warsaw) and associates Monika Dużyńska, Michał Truszczyński, Marlena Skowrońska (all Warsaw) and Nico Nalbantian (London). Lawyers from the White & Case office in Prague also advised on the transaction.

Press contact
For more information please speak to your local media contact.