Press Release

White & Case Advises Synthos on €220 Million Financing

Global law firm White & Case LLP has advised Synthos S.A. on a €220 million revolving credit facility that will finance its current activities and those of specific group companies.

The credit was granted by a consortium of seven banks – Powszechna Kasa Oszczędności Bank Polski S.A., Bank BGŻ BNP Paribas S.A., Bank Handlowy w Warszawie S.A., Bank Zachodni WBK S.A., HSBC Bank Polski S.A., ING Bank Śląski S.A. and HSBC Bank plc. Powszechna Kasa Oszczędności Bank Polski SA acted as credit agent and security agent.

White & Case recently advised Synthos on the acquisition from INEOS Enterprises of the INEOS Styrenics business. Following that deal, Synthos is one of the largest manufacturers of chemical raw materials in Poland and Europe's leading manufacturer of emulsion rubbers, and a leading producer of high quality expandable polystyrene for the building, construction and packaging industries.

The White & Case team which advised on the transaction was led by partner Tomasz Ostrowski (Warsaw) with support from local partner Petr Hudec (Prague) and associates Michał Oleś (Warsaw) and Ondrej Barton (Prague).

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