With DZP's legal support, Bank Pekao increases financing for Wroclaw Airport

With DZP's support, our client Bank Pekao S.A. signed an agreement with Wrocław Airport under which the bank will carry out a long-term bond issue worth PLN 550 million to finance the expansion of the airport's current infrastructure and to build new infrastructure.

The agreement is a continuation of the 2011-2013 programme under which Wrocław Airport raised PLN 230 million from a bond issue to build a new terminal. The current investment involves both expansion and the purchase of airport machinery and equipment, which will increase capacity and passenger comfort and improve the standards of airport services.

DZP's involvement covered the structuring of the transaction and the comprehensive preparation of the issue documentation, including the agreement under which the bank will structure the issue with a repayment date in 2043.

The project was handled by DZP experts from the Capital Markets & Financial Institutions Practice: Rafał Grochowski, Partner, and Monika Knothe-Pierwienis and Joanna Sępkowska, Senior Associates.