Norton Rose Fulbright advises lenders on a multi-currency revolving credit facility increase and extension for Pfleiderer Polska Group

The Warsaw office advised a consortium of Polish banks comprising Bank Polska Kasa Opieki S.A. acting as agent and security agent and Bank Millennium S.A. as lender, on the increase and extension of a multi-currency revolving credit facility for the Pfleiderer Polska Group members.

The purpose of this credit facility is to support the Group's general corporate purposes and working capital requirements. The financing also included the ancillary facilities provided by each lender to the Pfleiderer Polska Group members.

The team was led by counsel Jacek Smardzewski and included also associate Michał Rutkowski and lawyer Dominika Wojtkowska. The team worked under the supervision of partner Grzegorz Dyczkowski, who heads the Warsaw office and the firm’s Warsaw banking and finance practice.

The Pfleiderer Polska Group is a leading wood-based panel manufacturer in Europe with annual sales of approximately €700 million and around 2,000 employees. Pfleiderer has five production locations in Germany and one in Poland, and sales branches in England, the Netherlands, Switzerland, Romania and France. Pfleiderer offers a complete range of products and services with a focus on furniture making, the timber trade, interior fitout and timber and is a partner of industry, commerce, installers, designers and architects.