DLA Piper advises ORLEN Group on EUR2 billion credit facility

DLA Piper has advised ORLEN Group on a EUR2 billion credit facility agreement with a consortium of 16 banks. The funding will be used to finance the Group's day-to-day trading and operational needs.

The credit facility has a dual-currency structure, available in both the Euro and the US Dollar over a five-year term and includes the provision of two one-year extension options. Bank Polska Kasa Opieki will perform the role of facility agent for the consortium of participating banks.

The ORLEN Group is an integrated, multi-utility entity primarily active in Central Europe supplying energy and fuel to over 100 million residents.

A cross-border and multi-practice team from DLA Piper's Warsaw and Budapest offices worked on the matter and comprised of Financ