Gide advises KGHM Polish copper giant on USD 2.5bn financing
July 22, 2014
Gide’s Warsaw and London offices have successfully completed another project for KGHM Polska Mied¼, the largest Polish mining company.
KGHM signed on July 11 investment loan agreement for USD 2.5 billion for general corporate goals with a consortium of Polish and international banks, including Crédit Agricole Corporate and Investment Bank, Crédit Agricole Bank Polska, Bank Zachodni WBK, Santander Bank, Bank Polska Kasa Opieki, Bank Handlowy w Warszawie SA and Powszechna Kasa Oszczêdno¶ci Bank Polski.
This is one of the most significant transactions of its type carried out in Europe this year.
Gide advised the company on the legal aspects of seeking funding and supported KGHM in negotiating loan terms and conditions.
Dariusz Tokarczuk and Pawe³ Grze¶kowiak were the partners responsible for the project on Gide’s side. Marta Karmiñska also took part in project work. The team was supported by lawyers from Gide’s London office – Dimitrios Logizidis and Sarah Whitley. Advice for KGHM was provided in co-operation with an independent financial adviser – Rothschild. The advisor from the banking sector was the law firm Greenberg Traurig.
The project continues the co-operation between KGHM Polska Mied¼ and Gide, which has provided legal services for the most important transactions carried out by the company in recent years, such as the acquisition of all the shares in the Canadian mining company Quadra FNX Mining Ltd. and the sale of shares in the mobile operator Polkomtel.
Gide Loyrette Nouel was one of the first international law firms to open an office in Poland in 1990. Today, the firm employs over 40 lawyers and tax advisors in Warsaw.