Warsaw team advises European Bank for Reconstruction and Development on financing granted to Cersanit

Global law firm Norton Rose Fulbright advised European Bank for Reconstruction and Development (EBRD) on €42m senior secured loan for Cersanit S.A. This investment is part of the EBRD’s widespread support to Ukraine struggling in the face of Russian invasion.

The EBRD funding will enable Cersanit to scale up its tile and sanitaryware production both in Poland and Ukraine including completion of a project for manufacturing large-format ceramic tiles in Ukraine, reconstruction of an acrylics products factory in Poland and completion of energy efficiency upgrades as well as other modernization investments in Poland. 

Cersanit S.A. is a European leader in production and distribution of ceramic tile and bathroom equipment. Cersanit Group operates mainly in Poland and across Europe, expanding its footprint over the Middle East, Central Asia and North Africa.

The Warsaw team was led by counsel Marta Kawecka and included counsel Joanna Braciszewska-Szarapa, senior associate Igor Kondratowicz as well as paralegal Wiktoria Jadczak. Associate Michał Rutkowski led the security work stream and coordinated contact with Cersanit’s other creditors. 

The English and German law advice was provided by the London and Frankfurt offices of Norton Rose Fulbright. Integrites advised on the Ukrainian aspects of law and Ionescu Sava the Romanian aspects.