TGS Baltic advised a consortium of banks on approx EUR 265 million refinancing of Press Glass, a leading European producer of processed glass

14.07.2021 TGS Baltic advised a consortium of banks on approx EUR 265 million refinancing of Press Glass, a leading European producer of processed glass

TGS Baltic, together with the cross-border Dentons team, advised a club of four banks, consisting of PKO Bank Polski, ING Bank Śląski, Santander Bank Polska and BNP Paribas Bank Polska, on approx EUR 265 million refinancing of the indebtedness of Press Glass and the financing of its further investments, including new production plants in Lithuania and Wales.

The Polish company Press Glass is a leading European producer of processed glass. The transaction encompassed companies operating in six jurisdictions: Poland, Croatia, Luxembourg, US, United Kingdom and Lithuania.

TGS Baltic team providing advice on this matter consisted of partner Žygimantas Stankevičius and associate partner Sandra Bliuvaitė-Šulcienė.