Gessel has advised Cavatina Holding on its prospectus-free bond issuance program with a maximum value of PLN 50 million and related public issuance of M2024A series bonds with an aggregate value over PLN 21.5 million.
Noble Securities was the exclusive issuance organizer.
Cavatina Holding is an office space developer operating in Poland. The company is present in seven Polish cities: Warsaw, Krakow, Lodz, Wroclaw, Gdansk, Katowice, and Bielsko-Biala.
According to the firm, Cavatina Holding has just launched a new, prospectus-less, two-currency bond issuance program with a maximum aggregate nominal value of PLN 50 million or equivalent in euros. The first completed public offering proceeded on the basis of an information memorandum and was 16% oversubscribed.
Back in 2022, Gessel also advised Cavatina Holding on its PLN 60 million public offering of P2022B and P2022C series bonds (as reported by CEE Legal Matters on July 25, 2022) and its PLN 16.5 million public offering of series P2022D bonds (as reported on November 30, 2022).
The Gessel team included Partner Krzysztof Marczuk, Managing Associate Magdalena Szeplik, and Senior Associate Jakub Rowicki.
