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Norton Rose Fulbright Advises on EUR 690 Million Financing for Joint Venture of Orange Polska

Norton Rose Fulbright Advises on EUR 690 Million Financing for Joint Venture of Orange Polska

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Norton Rose Fulbright has advised a consortium of financial institutions on senior secured facilities for a new joint venture of Orange Polska S.A. and an investor controlled by APG. Linklaters reportedly advised Orange Polska on the deal.

The total value of the financing was equal to PLN 3.15 billion (EUR 690 million). 

The syndicate of the lenders included the European Investment Bank and underwriters BNP Paribas, ING Bank N.V., Societe Generale S.A., and Santander Bank Polska S.A.

Orange Polska is a telecommunication provider in Poland, operating in all segments of the Polish telecoms market. APG is a pension investor.

According to Norton Rose Fulbright, “the facilities are being made available to Swiatlowod-Inwestycje, a 50/50 joint venture of Orange Polska and APG, to finance fiber-to-the-home roll-out to 1.7 million households over the next five years. Swiatlowod-Inwestycje will operate in an open-access model providing wholesale access to its fiber network to all interested operators.”

NRF’s Warsaw-based team was led by Counsel Marta Kawecka and included Legal Consultant Piotr Milczarek and Associates Karolina Majcher and Igor Kondratowicz, all working under the supervision of Partners Grzegorz Dyczkowski and Agnieszka Braciszewska. The firm’s team also included London-based Partner James Dunnett and Associate Grace Carpenter and Paris-based Partner Alexandre Roth and Associate Loraine Viard.

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