11 August 2014
Deals | Poland - Banking & Finance
Shortly after the signing of a USD 2.5 billion investment loan agreement, KGHM Polska Miedz announces the completion of another major financing project.
Gide’s Warsaw office provided legal advice to the world’s leading copper producer on the signing of an agreement with the European Investment Bank (EIB) for a 12-year unsecured loan of PLN 2 billion (equivalent to approximately USD 640 million). Through this loan KGHM intends to finance the costs of modernising smelter installations and the extension of the “Zelazny Most” waste incineration facility. KGHM states that this is the next step towards consolidating financing for the KGHM Capital Group’s strategic investments.
This new legal assistance comes less than one month after Gide had completed work on another large financing project for KGHM, namely an investment loan agreement worth USD 2.5 billion for general corporate purposes, signed with a consortium of Polish and international banks.
In both cases, Gide’s team comprised partners Dariusz Tokarczuk and Paweł Grzeskowiak, and associate Marta Karminska.