Chunky deal in pipeline for Poland’s PKN Orlen

10 Mar 2011

Deal hungry CEE lenders have received a request for proposals from Polish oil and gas credit PKN Orlen. The borrower is seeking a loan of potentially more than Eu2bn to refinance existing debt, according to bankers close to the borrower.

“It won’t be particularly generous pricing but then it should be a very quick and painless process,” said the banker. “There will probably be up to 20 banks on the deal at the top level.”

The five year facility will refinance several of the company’s outstanding loans including more ...

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