Poland’s Open-Access Fibre-Optic Project Financing

Clifford Chance advised INEA – one of the leaders in an open-access fiber-optic network in Poland – on amending the existing credit facility agreement in order to increase the available financing by over 400 million PLN and on adjusting that agreement to the company’s investment plans.

The newly obtained funds will be used for continued development and for strategic investment projects, including the construction of an open fiber-optic network under the Operational Programme Digital Poland.

The consortium providing the financing included eight entities: Bank Pekao S.A., Credit Agricole Bank Polska S.A., Crédit Agricole Corporate and Investment Bank, EBRD, ING Bank Slaski S.A., PKO BP S.A., BNP Paribas Bank Polska S.A. and PZU FIZAN BIS 1.

The Clifford Chance team advising on this transaction was led by Andrzej Stosio (Picture), Partner and Co-head of the Banking & Finance Practice. The team included Senior Associates Kacper Bardan and Mateusz Chrusciak, as well as Associates Artur Gladysz, Wojciech Wator, Natalia Karasiewicz and Mateusz Ciechomski.

Involved fees earner: Kacper Bardan – Clifford Chance; Mateusz Chru?ciak – Clifford Chance; Mateusz Ciechomski – Clifford Chance; Artur Gladysz – Clifford Chance; Natalia Karasiewicz – Clifford Chance; Andrzej Stosio – Clifford Chance; Wojciech W?tor – Clifford Chance;

Law Firms: Clifford Chance;

Clients: INEA;