Mandated arranger RZB (€32.5mn), with co-arrangers Bank Handlowy w Warszawie (€20mn) and Investkredit Bank (€15mn), lead managers Bank Zachodni WBK SA (€10mn) and Erste Bank (€10mn), manager NordLB Bank Polska Norddeutsche Landesbank (€7.5mn), and Fortis Bank Polska (participant; €5mn) have successfully completed syndication of a €100mn 8.3-year term loan for Poland’s Kronospan PL Spzoo Szczecinek.

The financing will support the expansion of medium density fibre board (MDF) manufacturing capacity and the refinancing of Szczecinek operations.

There is a grace period of nine months.