Orlen Secures EUR 2 Billion Financing with White & Case's Advisory
Deal News | Nov 01, 2024 | CEE Legal Matters
Orlen, a Central European multi-energy conglomerate, has secured a revolving credit facility of up to EUR 2 billion, advised by the law firm White & Case. The facility, supported by a consortium of 16 Polish and international banks, is structured as a dual-currency instrument accessible in both EUR and USD. This financial backing aims to support Orlen's ongoing operations. White & Case's advisory team included key figures such as Warsaw-based partner Grzegorz Abram and others, alongside colleagues operating from Prague.
Sectors
- Energy
- Legal Services
- Banking
Geography
- Central Europe – Orlen operates primarily in Central Europe.
- Poland – Poland-based banks are part of the consortium offering the financing.
- International – International banks were also part of the consortium involved in the credit facility.
Industry
- Energy – Orlen is a multi-energy conglomerate involved in the energy sector.
- Legal Services – White & Case provided legal advisory services for the financing deal.
- Banking – The consortium of 16 banks involved in providing the credit facility is a key element of the banking industry.
Financials
- EUR 2 Billion – The amount of the revolving credit facility secured by Orlen.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Orlen | Target Company | Company | A multi-energy conglomerate operating mainly in Central Europe. |
| White & Case | Legal Advisor | Company | An international law firm advising the consortium of banks. |
| DLA Piper | Legal Advisor | Company | Reportedly provided legal advice to Orlen. |
| Consortium of 16 Polish and International Banks | Financing Party | Company | The consortium providing the EUR 2 billion revolving credit facility. |
| Grzegorz Abram | Partner | Person | Warsaw-based Partner at White & Case involved in the advisory. |
| Magdalena Bachleda-Ksiedzularz | Associate | Person | Warsaw-based Associate at White & Case involved in the advisory. |
| Marlena Skowronska | Associate | Person | Warsaw-based Associate at White & Case involved in the advisory. |
| Jonathan Weinberg | Partner | Person | Prague-based Partner at White & Case involved in the advisory. |
| Radek Kraus | Local Partner | Person | Prague-based Local Partner at White & Case involved in the advisory. |