IFLR1000

PGNiG Upstream International $400 million financing

13/8/2015
Financing, Refinancing
Select tab

$ 400 million

Completed

13/8/2015

Overview:

  • PGNiG Upstream International (PUI)—a subsidiary of Polish oil and gas group PGNiG—has secured $400 million in financing provided by Société Générale, BNP Paribas, ING, HSBC, Citibank, Crédit Agricole, SEB and Natixis to refinance its debt.
  • This will allow PGNiG Upstream International to repay the debt it accrued from its acquisition of assets from Total E&P Norge in 2014.
  • The loan is renewable and granted for 7 years. 

Rani Mehta - Journalist 

Jurisdiction:

Poland

Deal types:

Financing
Refinancing

Practice area:

Banking

Industry sector:

Oil and gas

Firms:
A&O Shearman A Pędzich

Party: PGNiG Upstream International (Borrower)

Lawyer: Tomasz Kawczyński

CMS Cameron McKenna Nabarro Olswang Pośniak i Bejm

Party: PGNiG Upstream International (Borrower)

Lawyer: Piotr Ciolkowski

Herbert Smith Freehills

Party: BNP Paribas (Lender)

Party: ING (Lender)

Party: HSBC (Lender)

Party: Citibank (Lender)

Party: SEB (Lender)

Party: Naxtis (Lender)

Party: Societé Générale (Lender)

Party: CACIB (Lender)

Lawyer: Thomas Bethel

WKB Wierciński Kwieciński Baehr

Party: BNP Paribas (Lender)

Party: ING (Lender)

Party: HSBC (Lender)

Party: Citibank (Lender)

Party: SEB (Lender)

Party: Natixis (Lender)

Party: Société Générale (Lender)

Party: CACIB (Lender)

Lawyer: Jakub Jędrzejak

Related deals