Global law firm White & Case LLP has advised UniCredit S.p.A. (UniCredit) on a PLN 660 million (€154.4 million) financing for Modivo S.A. (Modivo) to refinance existing indebtedness arising from the issue of convertible bonds.
Modivo will use the funds from the loan to repay in full and ahead of schedule the bonds issued by Modivo and acquired by SoftBank.
CCC S.A. subsidiary Modivo specializes in online sales of clothing, footwear and accessories, with e-commerce platforms such as eobuwie.pl and MODIVO and a network of hybrid brick-and-mortar stores.
The White & Case team in Warsaw that advised on the transaction included partner Grzegorz Abram and associates Joanna Misztal-Dzitko and Marlena Skowrońska.
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