Global law firm Clifford Chance advised a consortium of banks composed of Bank Pekao, mBank, BNP Paribas Bank Polska, Caixa Bank, ING Bank Slaski, Bank Handlowy w Warszawie and Santander Bank Polska on the extension of the tenor and increase in the syndicated financing for the Inter Cars group of up to approximately PLN 2.54 billion. Together with this year’s amendment and restatement, a sustainability-linked element related to ESG Key Performance Indicators was added to the financing. Apart from Poland, the financing granted to the Inter Cars group covers ten jurisdictions: Croatia, Lithuania, the Czech Republic, Slovakia, Romania, Bulgaria, Latvia, Germany, Hungary and Greece.
Inter Cars is a major importer and distributor of automotive spare parts for both passenger cars and commercial vehicles. Their Inter Cars is a major importer and distributor of automotive spare parts for both passenger cars and commercial vehicles. Their product portfolio includes garage equipment, specialised tools for servicing, repairing, and maintaining vehicles, as well as motorcycle spare parts and tuning components. With a workforce of over 14,000 employees, Inter Cars operates across more than
20 European markets.
The Clifford Chance legal team was led by Kacper Bardan (Counsel) and supervised by Andrzej Stosio (Partner). The team advising on Polish law also included Artur Gladysz (Associate) and Joanna Korycinska (Associate). Legal project management and legal tech management in this project was provided by the regional team for Continental Europe, Aleksandra Dziernaszkiewicz-Kwiecinska and Igor Michalak.
The team also included Jared Grubb (Partner), who provided advice on English law. Daniel Badea (Managing Partner), Cosmin Angnel (Counsel), Nicolae Grasu (Associate) and Georgiana Cupas (rainee Lawyer) advised on Romanian law. Milog Felgr (Partner) advised on Czech and Slovak law, Sara Bartlova (Junior Lawyer) advised on Czech law and Stanislav Holec (Senior Associate), Lukas Ljubovic (Junior Lawyer) and David Herich (Junior Lawyer) advised on Slovak law. Steffen Schellschmidt (Partner), Nico Köhler (Associate) and Andre Weber (Associate) provided advice on German law.
