Global law firm White & Case LLP has advised a consortium of banks consisting of Bank Zachodni WBK S.A., Bank BGŻ BNP Paribas S.A., Bank Gospodarstwa Krajowego, Bank Polska Kasa Opieki S.A. and mBank S.A. on the financing in the form of a revolving credit of up to PLN 700 million (around US$180 million) for Eurocash S.A.
The funds made available to Eurocash will be used to repay part of its existing short term financial debt and for the company’s general corporate purposes.
The Eurocash group is a leader in the wholesale distribution of fast moving consumer goods, household detergents, alcohol and tobacco products. It is also the franchiser of a number of retail stores including Groszek, Delikatesy Centrum, Polska Sieć Handlowa Lewiatan and the ABC trade network.
The White & Case team in Warsaw that advised on the transaction included partner Tomasz Ostrowski and associate Sylwia Opiatowska.
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