P&P Spearhead UK Holdings Ltd, operating through Spearhead International Ltd and in Poland through Top Farms group companies (“Spearhead” or the “Group”) is pleased to announce the closing of a Group-level bank refinancing. The new facilities comprise senior term loans as well as undrawn facilities to support the Group’s existing operations and growth initiatives.
Commenting on the transaction, Tomasz Zdziebkowski, CEO of Spearhead, said “I am delighted by the successful closing of this refinancing, which puts in place a simplified capital structure for Spearhead and provides enhanced financial and operational flexibility as we enter our next phase of growth. These banking relationships with key institutions across our geographies will strongly support the group in realizing its growth strategy.”
The Mandated Lead Arrangers of the refinancing were BANK BGŻ BNP PARIBAS S.A., BANK ZACHODNI WBK S.A. (a member of Santander Group), ERSTE GROUP BANK AG, ING BANK N.V., POWSZECHNA KASA OSZCZĘDNOŚCI BANK POLSKI S.A. and RAIFFEISEN BANK POLSKA S.A.
Financial and legal advice on the refinancing was provided by Rothschild and CMS Cameron McKenna respectively.
Spearhead is the leading integrated food and agriculture business across the CEE region and the U.K. The Group’s business operations include primary crop production from over 85,000 hectares of land as well as upstream and downstream operations.
United Kingdom: Poland:
Oskar Zahn Tomasz Zdziebkowski
+44 1223 233263 +48 61 866 9034