Croatian food retailer Studenac has secured a EUR 300 million loan facility from a consortium of banks led by Bank Pekao and including Powszechny Zaklad Ubezpieczen, OTP Banka, Zagrebacka Banka, and OTP Bank Plc Hungary.
According to the Wolf Theiss law firm, which advised Studenac on the matter, the financing will be used to refinance existing debt under improved terms and to support Studenac’s continued growth, including new store openings and strategic acquisitions.
The DTB law firm and the Clifford Chance law firm advised the lenders.