Clifford Chance advised the banking consortium consisting of Bank Pekao S.A., PKO BP S.A., Santander Bank Polska S.A. and BNP Paribas Bank Polska S.A. on establishing a bond issue program of LPP S.A. up to 300 million PLN.
LPP S.A. is a Polish family business and one of the fastest growing clothing companies in the region of Central and Eastern Europe. It manages five well-known fashion brands: Reserved, Cropp, House, Mohito, and Sinsay. The company has a chain of over 1700 stores with the total area of over 1 million sq.m. LPP intends to use the funds raised in the bond issue to build a Distribution Centre in Brzesc Kujawski.
LPP S.A. designs and distributes clothing in Central and Eastern Europe. The Company designs and markets the product mix and branding, and develops distribution channels. LPP outsources the production to clothing manufacturers located in China.
The Warsaw Clifford Chance team advising on the transaction included Grzegorz Namiotkiewicz (Picture – Partner and Co-head of the Banking and Finance Practice) and Grzegorz Abram (Counsel and Head of the Debt Capital Markets Group), who were supported by Pawel Zagórski (Senior Associate) and Roksana Kaluzna (Associate).
Law Firms: Clifford Chance;