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TGS Baltic actively assisted a club of lenders in connection with a syndicated loan facility to refinance an existing debt under syndicated financing advanced to Inter Cars in 2009 and to finance working capital needs of the borrower’s group companies.
The new loan facilities also allow Inter Cars and its subsidiaries to utilize funds by way of overdrafts, guarantees, and letters of credit, under the so-called ancillary facility financing. This transaction was a very complex and cross-border project, which took more than six months to close and required direct engagement on almost a daily basis from TGS Baltic.
The client is a club of lenders: Bank BGŻ BNP Paribas S.A.; Bank Handlowy w Warszawie S.A.; Bank Polska Kasa Opieki S.A.; CaixaBank, S.A. (Spółka Akcyjna) Oddział w Polsce; DNB Bank Polska S.A.; ING Bank Śląski S.A.; mBank S.A., acting as Mandated Lead Arrangers, Bank Polska Kasa Opieki S.A. acting as the Agent and Bank S.A. acting as the Security Agent.
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