Polish borrowers to take advantage of market conditions as Żabka closes

By Mariam Meskin
05 Aug 2019

Corporate borrowing activity is expected to be sustained throughout the second half of the year as borrowers "take advantage" of the liquidity in the loan market. The expectation comes in the aftermath of two large dividend recapitalisation transactions by Polish corporates, Allegro and Żabka, in the second quarter.

Polish convenience store operator Żabka Polska closed its dividend recap in late July, increasing the size of its existing facility by Z1.8bn (€417m). 

Żabka raised a Z2.7bn syndicated loan in April 2017 to support its leveraged buyout by CVC Capital Partners from Mid Europa Partners. 

Physical bookrunners on the new ...

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