DTB Advises Bank Pekao S.A. on €300 Million Financing for Studenac

DTB acted as the advisor to the Bank Polska Kasa Opieki SA, agent and security agent, joined by OTP Bank and Zagrebačka banka from Croatia, Powszechny Zakład Ubezpieczeń (PZU) from Poland, and OTP Bank Plc from Hungary on granting of EUR 300 million terms and revolving credit to Studenac, one of Croatian leading retail chains.

This significant refinancing transaction will support refinancing of Studenac’s existing long-term obligations under more favorable conditions and fuel further business expansion through the opening of new stores and acquisitions. This milestone marks an important step in the Studenac’s continued growth strategy.

DTB’s engagement on the transaction included negotiation of the security agreements, registration of the newly established pledges and deletion of the obsolete pledges pursuant to the previous terms and revolving credit.

Transaction was led by Clifford Chance Poland, and our team consisted of Senior Partner Damir Topić and Attorneys Jure Marović and Barbara Šimić.