Global law firm White & Case LLP has advised P4 sp. z o.o. and Play Holdings 2 S. a r.l., trading as Play, on term loan facilities and a revolving credit facility of up to PLN seven billion (approximately €1.65 billion).

The term loan facilities, which will be used to refinance the group's outstanding debt, are being provided by a consortium of seven banks including Alior Bank S.A., Bank BGZ BNP Paribas S.A., Bank Zachodni WBK S.A., DNB Bank ASA, DNB Bank Polska S.A., PKO Bank Polski S.A., TFI PZU S.A. (on behalf of PZU FIZ AN BIS 2 and PZU SFIO Universum) and Raiffeisen Bank International AG.

The White & Case team which advised on the transaction was led by partners Ian Bagshaw, Martin Forbes (both London), Marcin Studniarek and Tomasz Ostrowski (both Warsaw), and included local partner Rafal Kaminski, counsel Grzegorz Jukiel (both Warsaw) and associates Aneta Urban, Anna Pawelec (both Warsaw), Ahu Langley, Nicola Chapman and Marketa Stafkova (all London).