Norton Rose Fulbright advises financial institutions on EUR 80 million financing granted to Arctic Paper S.A.

Global law firm Norton Rose Fulbright has advised a consortium of banks composed of BNP Paribas Bank Polska S.A., Bank Polska Kasa Opieki S.A. and Santander Bank Polska S.A., on a secured corporate financing totaling EUR 80 million for Arctic Paper S.A. and its subsidiaries.

The transaction involved the refinancing of the existing indebtedness, term and revolving facilities, and hedging.

The funds will be used for the purpose of refinancing the existing indebtedness and for general corporate and working capital purposes of the company and its subsidiaries.

Arctic Paper S.A. is one of the leading manufacturers of high-quality graphical fine paper in Europe. The company offers a wide range of applications, including book production, advertising, office materials and other qualitative printed matter.

The Warsaw-based Norton Rose Fulbright team was led by associate Karolina Majcher and included counsel Marta Kawecka and associate Izabela Kręgiel. The team worked under the supervision of partner Grzegorz Dyczkowski who heads the Warsaw office and the firm's Warsaw banking and finance practice.

Karolina Majcher commented:

"We are pleased to have advised this consortium of banks once again on another important financing for Arctic Paper. This was a complex and cross-border transaction, combining the refinancing of existing indebtedness with term and revolving facilities, as well as hedging arrangements. To be reappointed on such a significant transaction is testament to the strength of our long-term cooperation with our clients."

Norton Rose Fulbright previously advised the same consortium of lenders on a PLN 300 million secured corporate financing for Arctic Paper S.A. in 2021.