Greenberg Traurig advised on the refinancing of Cyfrowy Polsat Group

WARSAW – March 2, 2018 – Greenberg Traurig advised Cyfrowy Polsat Group in connection with a signing of the Second Amendment and Restatement Deed to the loan agreements signed in September 2015 with a consortium of Polish and foreign financial institutions for a term loan of up to PLN 11.5 billion and a revolving loan of up to PLN 1 billion. These loans remain the largest and most innovative corporate loans made in the Polish currency.

The Second Amendment and Restatement Deed changed, among others, the final repayment date of loans incurred by the Cyfrowy Polsat Group in 2015 and the level of the consolidated net debt / consolidated EBITDA ratio at which Cyfrowy Polsat may demand to release of collaterals established in connection with the loan agreements or after which the company will have to re-establish the released collaterals.

Greenberg Traurig lawyers advised on all aspects of the transaction, including the transaction documents.

On behalf of the Greenberg Traurig Warsaw office, the transaction has been led by Partner Aleksander Janiszewski, supported by Senior Associate Paulina Kimla-Kaczorowska and Associate Martyna Komorniczak. The strategic supervision over the transaction was carried out by the Managing Partner of the Warsaw office Jarosław Grzesiak.

Greenberg Traurig LLP
Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 2000 attorneys serving clients from 38 offices in the United States, Latin America, Europe, Asia, and the Middle East.

Greenberg Traurig Grzesiak sp.k. was named the 2017 Law Firm of the Year in Poland and the 2016 Law Firm of the Year in Poland - Client Service Award by Chambers and Partners. The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000 and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution and TMT.

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