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Clifford Chance and Norton Rose Fulbright Advise on Cargounit's PLN 615 Million Financing

Clifford Chance and Norton Rose Fulbright Advise on Cargounit's PLN 615 Million Financing

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Clifford Chance Warsaw has advised Cargounit, a locomotive leasing business in Central and Eastern Europe, on a financing agreement with a consortium of Polish and international banks consisting of BNP Paribas Bank Polska S.A., PKO Bank Polski S.A., Siemens Bank GmbH, Bank Millennium S.A., ING Bank Slaski S.A., Bank Pekao S.A., and Bank Ochrony Srodowiska S.A. Norton Rose Fulbright advised the banks on the deal.

According to Clifford Chance, the new term and revolving facilities agreement amounting to a total of PLN 615 million (with an additional optional incremental facility of up to PLN 100 million) will be used, among other things, to finance the acquisition of environmentally-friendly electric locomotives and modernize the companies shunters' fleet.

Clifford Chance’s team included Partner Andrzej Stosio, Counsel Irena Floras-Goode, Senior Associate Maksymilian Jarzabek, and Associates Dominika Wroblewska, Piotr Weclawowicz, and Mateusz Ciechomski.

Norton Rose Fulbright's team included Partner Grzegorz Dyczkowski, Counsel Marta Kawecka, Senior Associate Krzysztof Gorzelak, Associate Oskar Sula, and Trainee Lawyer Marcin Slota.

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