White & Case has advised Orlen on its issuance of USD 1.25 billion in unsecured bonds on the US Rule 144A bond market. Clifford Chance advised the banks.
The consortium that organized the issuance included Citigroup Global Markets Europe, J.P. Morgan, Banco Santander, Goldman Sachs Bank Europe, and SMBC Bank EU.
According to White & Case, the ten-year bonds carry a 6% annual coupon and were issued under Orlen’s global medium-term note program. Listed on Euronext Dublin, the issuance will help finance Orlen’s day-to-day corporate operations.
In 2024, White & Case advised the banks involved in Orlen's EUR 2 billion financing (as reported by CEE Legal Matters on November 1, 2024).
The White & Case team included Warsaw-based Partner Marcin Studniarek, Local Partner Bartosz Smardzewski, and Associates Dawid Ksiazek, Michal Truszczynski, and Klaudia Pacocha and London-based Partner Melissa Butler, Counsel Doron Loewinger, and Associate Amulang Povaeva.
The Clifford Chance team included Partners Matt Fairclough, Milosz Golab, and Johannes Juette, Counsel Aleksandra Rudzinska, Senior Associate Jeffery Hung, Associates Krzysztof Burda and Gabriela Kobak, Lawyer Trey Oxendine, and Law Clerks Aritra Chamak Saha and Natasha Sarna.
