Global law firm White & Case LLP advised three companies from the Cerrad Group on a new trade and investment loan provided by a consortium of banks consisting of Santander Bank Polska S.A. and Bank Pekao S.A. in the amount of approximately PLN 110 million, increasing the existing financing to a total amount of approximately PLN 335 million.
The funds will be used to finance the extension of ceramic tile production plants and support the current activity of companies from the Cerrad Group.
The Cerrad Group is a renowned manufacturer of wall and floor ceramic tiles in Poland with customers in more than 50 countries. The company is a Forbes Diamonds 2019 and 2020 winner and received a prestigious award from Pracodawcy Rzeczypospolitej [Polish Employers] in 2019. The company currently occupies one of the leading positions in the ranking of the most dynamically developing manufacturing companies in Europe. Cerrad has won numerous awards and distinctions in various product and business categories.
The White & Case team that advised on the transaction included partner Grzegorz Abram and associates Marlena Skowrońska and Joanna Misztal-Dzitko.