Clifford Chance has advised ING Bank Slaski, Bank Gospodarstwa Krajowego, and Alior Bank on a sustainability-linked corporate refinancing for the Paged Group. Baker McKenzie advised the borrowers.
According to Baker McKenzie, the funding is aimed at refinancing Paged Group’s existing debt and obtaining financing for the group's general corporate purposes in the form of multi-million euro and zloty term and revolving facilities.
The Paged Group is a Polish plywood and bentwood furniture producer. The company also produces plywood in Estonia through its subsidiary Paged Eesti.
The Clifford Chance team was led by Partner Andrzej Stosio and Counsel Kacper Bardan and included Associates Piotr Weclawowicz, Artur Gladysz, Krzysztof Burda, Aleksander Smakosz, and Aleksandra Sierac.
The Baker McKenzie team was led by Partner Marcin Iwaniszyn and included Senior Associate Sebastian Mikina and Lawyers Andrzej Sarnacki, Krystian Kurgan, and Oskar Lipien.