GESSEL advised Resi Capital on a PLN 165 million bond offering

GESSEL advised Resi Capital S.A., a residential developer focused on the premium residential segment, on a public offering of Series E secured bonds with an aggregate nominal value of PLN 165 million. The offering was conducted on a prospectus-exempt basis and was addressed to institutional investors and other investors acquiring bonds with a minimum investment amount of EUR 100,000. The bonds will be admitted to trading on the Catalyst Alternative Trading System.

The transaction involved a bond offering combined with the refinancing of existing indebtedness within the Resi Capital group. Part of the proceeds was used to finance the early redemption of bonds previously issued by ReCap SPV 8 sp. z o.o.

GESSEL acted as legal counsel to Resi Capital on the transaction. The firm’s work included transaction structuring, preparation of the offering and issuance documentation, advice in relation to the refinancing of existing indebtedness, negotiation of transaction documentation and matters relating to security arrangements.

Trigon Dom Maklerski S.A. acted as coordinator and arranger of the offering. Dom Maklerski Banku Ochrony Środowiska S.A. acted as co-arranger and dealer, while Noble Securities S.A. acted as dealer.