Allen & Overy has advised the arranging banks on a financing for P&P Spearhead, a group engaged in the agricultural sector primarily in Central and Eastern Europe (CEE).

The Mandated Lead Arrangers of the refinancing were Erste Group Bank AG, ING Bank N.V., Raiffeisen Bank Polska S.A., Bank BGŻ BNP Paribas S.A., Bank Zachodni WBK S.A. (a member of Santander Group) and Powszechna Kasa Oszczędności Bank Polski S.A.

The RTPR Allen & Overy team was led by partner Alexandru Retevoescu, who was supported by senior associate Iana Tuiand associates Bianca Eremia and Bogdan Cordos and other junior lawyers. The A&O team was led by Bratislava-based counsel Attila Csongrady and, along with the Bucharest team, included lawyers from A&O’s Bratislava, Prague and Warsaw offices.

Bratislava-based Banking and Finance counsel Attila K Csongrady, commented: “We are delighted to have been part of another successful financing in CEE and to have helped such an important business with operations around the region streamline its group-wide funding. The strength of our regional network really makes us stand out and the market is taking notice”.

Alexandru Retevoescu declared: “We are honoured to have assisted some of the largest banks in CEE in completing this deal which has raised complex legal issues which were favourably solved for both parties and the financing was granted within an extremely short timeframe. This is a new recognition of the strength of our regional banking and finance practice and proof that clients are entrusting Allen & Overy to advise them on many of the most high profile and complex deals.”