Restructuring of bank financing for Gino Rossi

Financial advisory to Gino Rossi, a leading Polish fashion group, on the restructuring its financial indebtness with all the banks financing the company, i.e. Alior Bank, DnB Nord, ING Bank Śląski, Pekao SA and PKO BP

In May and June 2009 Gino Rossi SA signed agreements pertaining to restructuring its financial indebtness with all the banks financing the company, i.e. Alior Bank, DnB Nord, ING Bank Śląski, Pekao SA and PKO BP.

Based on the aforementioned agreements, the Company achieved extension of repayment dates in all its outstanding credit facilities till December 31st 2009. Moreover, all major banks declared their readiness to further support the Company with financing.

FIDEA’s effective advisory, including conduct of simultaneous negotiations with a group of five banks, enabled the company to adjust the repayment schedule to expected cash flows, while offering the group of banks unified packet of collaterals. This enabled the Company to successfully complete the process of attracting a new investor who significantly strengthened Gino Rossi’s balance sheet structure by taking new share issue.

Transaction team

Adam JABŁOŃSKI

Adam JABŁOŃSKI

Vice President of the Management Board, Partner

Data

June 2009

Sector

Consumer

Transaction value

PLN 65m