Norton Rose Fulbright advises the European Bank for Reconstruction and Development on €180m financing for LPP

Global law firm Norton Rose Fulbright has advised the European Bank for Reconstruction and Development (EBRD) on the €180m financing for LPP, a Polish family-owned fashion group (the Group) operating five brands across 46 markets worldwide.

The financing covered a sustainability-linked loan agreement, divided into committed and uncommitted tranches. The financing is intended primarily for cross-border expansion by the Group of the retail space in Ukraine and corporate investment purposes, both in line with LMA Sustainability-Linked Loan Principles.

The Norton Rose Fulbright team in Warsaw was led by counsel Jacek Smardzewski and included associate Michal Rutkowski working under the supervision of partner Grzegorz Dyczkowski, who heads the firm's Warsaw office and Warsaw banking and finance practice. London-based Norton Rose Fulbright partner James Dunnett also advised on this transaction.

Final Milestone acted as exclusive financial adviser to LPP, while White & Case served as LPP's legal adviser.

Note to editors:

LPP is a Polish family-owned company and one of the fastest-growing players in the apparel industry in Central Europe. The company operates a network of nearly 3,748 stores with a total retail space exceeding 3,1 million m², distributing its products annually across three continents. LPP also plays an important role as an employer, providing jobs for over 63,000 people in its offices and retail structures across Poland, Europe, Asia, and Africa. The company is listed on the Warsaw Stock Exchange as part of the WIG20 index and is also included in the prestigious MSCI Poland index.