Dentons’ Banking and Finance practice team advised a syndicate of four Polish leading banks: Bank Pekao SA (UniCredit Group), ING Bank Śląski, Bank Handlowy w Warszawie (Citi Bank Group) and mBank (Commerzbank Group) on PLN 653 million financing of the current business activity and refinancing of the existing indebtedness of Inter Cars S.A. and its 12 subsidiaries in Europe.

Dentons’ lawyers, supervised on a European level by the Banking and Finance team in Warsaw, provided legal advice in Poland, Czech Republic, Slovakia, Lithuania, Latvia, Romania, Ukraine and Cyprus. The services involved preparing drafts of the finance documentation including security documents for 13 entities from the group.

This corporate financing transaction in the automotive sector was led by senior associate Bartosz Nojek supported by associate Katarzyna Błachnio under the supervision of partner Mateusz Toczyski, Head of the Banking and Finance practice in Poland and Europe.

“Thanks to our presence in 19 offices across Europe, and the knowledge of local legal frameworks we are able to advise our clients wherever they run their business” – said Mateusz Toczyski, Head of the Banking and Finance practice in Poland and Europe.

Inter Cars S.A. is a Warsaw Stock Exchange listed company and the biggest automotive spare parts distributor for cars, commercial vehicles and trucks in Central and Eastern Europe.

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