May 2025 – Kinstellar, together with Greenberg Traurig Poland as lead counsel, is pleased to announce that it has advised again its long-standing client, CCC, the leading Polish-based footwear manufacturer and retailer with a network of over 1,000 stores across 29 countries, on the Romanian, Czech and Hungarian legal aspects of the recent financing increase.
The financing, with a total value of PLN 3.66 billion (approximately EUR 850 million), was provided by a consortium of lenders including mBank, the European Bank for Reconstruction and Development, Bank Pekao, BNP Paribas Bank Polska, PKO Bank Polski, Santander Bank Polska, and Bank Handlowy w Warszawie, alongside the factoring entities Santander Factoring, mFaktoring, PKO Faktoring and BNP Paribas Faktoring.
The funds will be used to support CCC’s operational activities, including the further development of the CCC and HalfPrice brands, as well as the financing of a new warehouse for HalfPrice. The facility agreement has been concluded in a Sustainability Linked Loans (SLL) format, with terms tied to the implementation of ESG and sustainable development objectives.
Kinstellar’s teams advising on the transaction included Magdalena Raducanu (Partner), Zsuzsa Csiki (Partner), Razvan Constantinescu (Managing Associate), Alexandra Sofineti (Associate), and Ioana Moldoveanu (Junior Associate) in Romania; Martina Březinová (Counsel), Jakub Šťastný (Managing Associate), and Dominik Čtvrtníček (Junior Associate) in the Czech Republic; and Levente Hegedűs (Partner), Veronika Heiszer (Associate), and Kinga Farkas (Junior Associate) in Hungary.
This successful cross-border transaction further highlights Kinstellar’s strong capabilities and collaboration in handling complex, high-value financings across multiple jurisdictions in the region.