Grzegorz Abram

Partner, Warsaw

Biography

Overview

Grzegorz Abram heads the Debt Finance practice. He is an advocate with nearly 20 years' professional experience.

He focuses on syndicated loans, based on the LMA standard or local law, complex multi-layered secured lending financing including intercreditor agreements, margin lending transactions, financing for the acquisition of listed and private companies, wind farm financing in the form of project finance, general banking advice (including regulatory aspects), and financing granted by the EIB and EBRD. He has also advised on different types of bond issues, including EMTN Eurobonds issued by the State Treasury of the Republic of Poland or non-soverein issuers, several issues of subordinated bonds and the first issue of revenue bonds in Poland. He has also advised in connection with programs of structured bonds linked with indices, commodities and investment funds. Grzegorz's practice also covers restructuring proceedings either on the lenders' or debtors' side.

Grzegorz has been recognized by the international legal directory IFLR1000 as a leading lawyer in Debt Capital Markets in Poland and as recommended lawyer in capital markets by Chambers and Legal500.

Bars and Courts
Advocate, Warsaw Bar Association of Advocates
Education
Master's degree
University of Warsaw

Faculty of Law and Administration

Centre of British and European Law Studies
University of Warsaw

Warsaw (in cooperation with the University of Cambridge)

Languages
Polish
English

Experience

Cerrad Sp. z o.o.: representation of Cerrad Sp. z o.o. in connection with the structuring, conducting and financing of a tender offer for shares of Ceramika Nowa Gala S.A. in the form of a loan and a guarantee up to a total amount of PLN 72 million granted by Bank Polska Kasa Opieki S.A.*

mBank S.A.: representation of mBank S.A. in connection with the financing of the acquisition of IT Kontrakt (a group operating in Poland, Malaysia and Switzerland) by the consortium of the Cornerstone and Oaktree Capital funds. The innovative nature of this transaction resulted from the fact that the acquisition debt was in the form of bonds. The debt structure, apart from bonds, included a revolving credit facility and hedging*

AAT Holding S.A.: representation of a banking consortium consisting of BNP Paribas Bank Polska and Santander Bank Polska on the refinancing of debt and financing of operational needs, including the financing of the acquisition of shares by AAT Holding, a leading manufacturer and supplier of electronic security systems to safeguard property, and its subsidiary, Polon-Alfa, in a transaction combining credit facilities of up to PLN 116.2 million and bonds worth PLN 32 million, issued as part of a bond issuance program organized by Santander Bank Polska*

Relax Wind Park I: representation of the EBRD and a number of commercial banks as lenders to one of the biggest wind farms in Poland, the 120 MW Relax Wind Park I, which was sponsored by the Portuguese company EDP Renováveis (EDPR), one of the key players in the Polish wind farm sector. The EUR 550 million project was co-financed by the EIB*

GetBack S.A.: representation of mBank S.A. during the arrangement of a secured program to issue bonds of up to PLN 50 million issued by a non-standard closed-end investment fund that is a subsidiary of GetBack S.A. as well as other bank's creditors of Getback S.A*

Advising in connection with the drafting and negotiating of standstill agreements at the restructuring of the financial debt of Jastrzębska Spółka Węglowa S.A. capital group*

KHW: representation of Katowicki Holding Węglowy S.A. (KHW) in its restructurings resulting with the incorporation of the largest coal company in the European Union in the process of the merger of Polska Grupa Górnicza (PGG) and KHW, including the refinancing of KHW's debt from bonds*

mBank S.A.: representation of mBank on the establishment of an issue program of EUR 3 billion medium-term bonds placed on European markets. The documentation included, among other things, a MREL component and the latest solutions regarding the bail-in procedure*

LPP S.A.: representation of a banking consortium consisting of Bank Pekao, PKO Bank Polski, Santander Bank Polska and BNP Paribas Bank Polska on establishing a bond issue program of LPP of up to PLN 300 million, as well as on the issue under that program (including the registration with the Central Securities Depository of Poland and introduction to the Alternative Trading System of the Warsaw Stock Exchange)*

Prime Car Management S.A.: representation of mBank S.A. and ING Bank Śląski S.A. in connection with the PLN 500 million secured bond issue program of Prime Car Management S.A.*

*Experience prior to joining White & Case