| Project Detail |
Provision of a loan of up to €25m to support the development of the wholesale and retail operations of The SPAR Group Limited (the Group or sponsor) in the Polish market. The Banks loan will include a €5m capex tranche, an €8m tranche for general corporate purposes and a €12m tranche (initially uncommitted) to be utilised for completing the restructuring of Piotr i Pawel, one of the Groups subsidiaries. The loan will be made available to the borrower in EUR or PLN. Project Objectives The project will support the expansion of the SPAR network in Poland through the inclusion of independent retailers into its network, providing them with branding, know-how and goods. In parallel, the project will support the operational and financial restructuring of the distressed retailer Piotr i Pawel, which SPAR Poland has recently acquired. |
