Norton Rose Fulbright has advised Bank Zachodni WBK S.A., ING Bank Slaski S.A., Powszechna Kasa Oszczednosci Bank Polski S.A. and Societe Generale as global coordinators in relation to PLN 12.5bn (approximately EUR 3bn) facilities for the refinancing of Cyfrowy Polsat S.A. and Polkomtel Sp. z o.o.’s existing debt and the financing of working capital requirements.

Cyfrowy Polsat S.A. is a leading Polish pay digital satellite platform operator and Polkomtel Sp. o.o. is a leading Polish mobile operator.

Michael Ings, London banking and finance partner at Norton Rose Fulbright, commented:

“We are very pleased to have advised the global coordinators in relation to this landmark high-value complex telecoms refinancing which was documented and closed in a tight timeframe. The transaction further cements Norton Rose Fulbright’s leading position as legal counsel to arrangers and sponsors in the telecoms finance sector.”

The Norton Rose Fulbright team advising on this transaction was led by banking partners Michael Ings (London) and Grzegorz Dyczkowski (Warsaw) and assisted by senior associates Tim Waghorn (London), Neha Khosla (London), and Tomasz Rogalski (Warsaw), associates Tom Meredith (London), Konrad Leszko (Warsaw), Maksymilian Jarzabek (Warsaw) and trainee solicitor Sian Smith (London).