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act BSWW legal & tax advises on financing of prestigious apartment hotel project in Gdynia

act BSWW legal & tax advised an investment company, CVI, on a debt financing transaction involving the issue of bonds with a total value of PLN 38 million. The funds obtained by the issuer, Affiliate Gdynia, a special-purpose vehicle associated with the key management staff of the Allenort Group, served to co-finance the purchase of the real estate located at Kościuszko Square in Gdynia. The bonds redemption is scheduled for October 2026.

The planned investment project entails the construction of one or more five-storey buildings accommodating a hotel, residential apartments and retail space. The project will be implemented in the city’s most popular section, close to Gdynia Marina, the Gdynia Aquarium, the beach and the harbour, offering a view onto the iconic ships ORP Błyskawica and Dar Pomorza.

act BSWW legal & tax advised on the preparation of the issue documentation and establishment of collaterals, as well as on negotiations of the issue terms and conditions.

The transaction was handled by Piotr Smołuch (Managing Partner, Head of the Bonds) and Sebastian Sury (Partner), supported by Kornelia Walczak (Senior Associate) and Edyta Krzepicka (Associate).

CVI is an independent investment firm operating since 2012, focusing on investments in Central and Eastern Europe. CVI manages 7 investment funds with a total AUM of almost PLN 4 billion (as of December 2020). CVI provides flexible financing solutions for SMEs that address a wide range of capital needs (e.g. capital expenditure, working capital, LBOs, refinancing, recapitalizations and restructurings).

Upper Finance was responsible for obtaining the financing.

act BSWW legal & tax provides comprehensive debt financing advisory services. The team has conducted over 500 debt financing transactions with a total value of almost PLN 7 billion.

act BSWW legal & tax advises TK Finans Tomasz Księżopolski on the bond issue

The Bonds Team provided comprehensive legal advice to TK Finans Tomasz Księżopolski in relation to the issue of 3-year bonds worth PLN 20 million. The funds obtained from the issue will be used to finance a real estate development project in Lublin.

The firm’s advisory covered the preparation of issue documentation and collaterals, as well as the negotiation of issue terms and conditions. The law firm also conducted an analysis of the legal status of the real estate collateral.

The transaction was led by Kornelia Walczak (senior associate) assisted by Cezary Zieliński (associate). The analysis of the legal status of the real estate collateral was carried out by Michał Semetkowski (senior associate). The project was supervised by Piotr Smołuch, managing partner, head of the Bonds Team.

act BSWW legal & tax provides comprehensive debt financing advisory services. The team has conducted 500 debt financing transactions with a total value of almost PLN 7 billion.

act BSWW legal & tax advises 7R on PLN 41.3 mln bond issue

act BSWW legal & tax advised Kallisto 17, a company from the 7R SA group, on a bond issue with a nominal value of PLN 41.3 million. The funds obtained from the issue will serve to finance a logistics investment project in the Tricity. The bonds redemption is scheduled for October 2024.

The Bonds Team advised comprehensively on the preparation of the issue documentation and establishment of collaterals, as well as on negotiations of the issue terms and conditions.

The bond issue project was led by Łukasz Piekarski (Partner), supported by associates Milena Zawisza, Kamil Stankiewicz and Cezary Zieliński. The project was supervised by Piotr Smołuch, Managing Partner and Head of Bonds.

act BSWW legal & tax provides comprehensive debt financing advisory services. The team has conducted 500 debt financing transactions with a total value of almost PLN 7 billion.