Norton Rose Fulbright advises syndicate of 16 financial institutions on €2.385 billion financing granted to ORLEN S.A.

Global law firm Norton Rose Fulbright has advised a syndicate of 16 Polish and international financial institutions from Spain, Germany, Italy, Ireland, France, the UK, and the US on the €2.385 billion multicurrency revolving facility made available to ORLEN S.A. (ORLEN), one of the largest multi-utility companies in Central and Eastern Europe. The transaction is the largest syndicated revolving credit facility arranged for a Polish corporate in the recent decade.

ORLEN is an integrated multi-utility group active across the fuel, gas, electricity and renewable energy sectors, with operations spanning refining, petrochemicals, energy generation and fuel retail. As the largest energy company in Central and Eastern Europe (CEE), ORLEN leverages its diversified asset base and strategic investments in low and zero-emission energy sources, grid infrastructure and alternative fuels to play a central role in strengthening energy security and advancing the energy transition across Poland and the wider CEE region.

The Norton Rose Fulbright team was led by counsel Jacek Smardzewski supported by associate Michał Rutkowski. The team worked under the supervision of partner Grzegorz Dyczkowski, who heads the firm's Warsaw office and Warsaw banking and finance practice. London-based partner James Dunnett provided English law advice.