Dentons advises a consortium of banks on €265 million refinancing of Press Glass / AMG Group

A cross-border Dentons team advised a club of four banks, consisting of PKO Bank Polski, ING Bank Śląski, Santander Bank Polska and BNP Paribas Bank Polska, on the €265 million refinancing of the indebtedness of Press Glass / AMG Group and the financing of its further investments, including new production plants in Lithuania and Wales. The transaction encompassed companies operating in six jurisdictions: Poland, Croatia, Luxembourg, US, United Kingdom and Lithuania.

Dentons’ comprehensive legal services included work on the finance documents and the coordination of the work of law firms cooperating on the transaction: TGS Baltic in Lithuania, Porobija & Porobija in Croatia and Williams Mullen in the US.

”We feel privileged to have had the opportunity to draw on our broad experience in syndicated financing to support our clients in this outstanding international transaction. The cooperation with all engaged parties was extremely satisfactory to us and we are happy that it will result in helping Press Glass / AMG Group to fund its foreign expansion,” said Bartosz Nojek, Partner in Dentons’ Banking and Finance practice, who led the work on the transaction.

Press Glass is a leading producer of processed glass used in residential buildings as well as for glass facades and interior glass constructions in commercial real estate properties. Since 2007, the company’s production has been in compliance with the global environmental protection system ISO 14001.

Partner Bartosz Nojek, led the team on the project, supported by Marcin Gruszka (senior associate) and Magda Kulesza (associate) from Dentons’ Banking and Finance team in Warsaw. Mark Segall (partner) in the Warsaw office, and Lawrence Florescu (senior associate) in the Bucharest office, advised on the English law aspects of the transaction. Stéphane Hadet (partner), Christophe Renaudin (senior associate) and Yifan Zhang (associate) in Luxembourg advised on Luxembourgish law.