White & Case has advised Polish chemicals producer Synthos on its EUR 600 million 2.5% seven-year bond issuance. Clifford Chance advised global coordinators BNP Paribas and Goldman Sachs Bank Europe and joint bookrunners Bank Pekao, Banco Santander, ING, and PKO BP.
According to White & Case, the bonds were issued under New York law and are listed on the Global Exchange Market Euronext in Dublin. The firm also advised Synthos on the renegotiation of EUR 500 million revolving loan agreements, the repayment of the existing term loan, the negotiations of an inter-creditor agreement, and security documentation.
White & Case recently advised Synthos on its USD 491 million acquisition of Trinseo’s synthetic rubber business in Germany (as reported by CEE Legal Matters on June 1, 2021).
White & Case’s team included Warsaw-based Partners Andrzej Sutkowski and Grzegorz Abram, Counsels Bartosz Smardzewski and Grzegorz Jukiel, and Associates Monika Duzynska, Michal Truszczynski, and Marlena Skowronska, as well as London-based partner Jill Christie and Associate Nico Nalbantian, among others.
The Clifford Chance team consisted of Warsaw-based Partner Andrzej Stosio and Senior Associate Aleksandra Rudzinska and London-based Partner Andrew Kelly and Senior Associates Carolyn Tan, Patrick Meson, and Arielle Littles.