GESSEL advises Cavatina Holding on a record bond issuance under its prospectus-based programme

GESSEL advised Cavatina Holding S.A. on the execution of the public offering of P2025C series bonds, carried out under the company’s prospectus-based bond issuance programme. With a total nominal value of PLN 102,160,000, the transaction represents the largest bond offering completed by Cavatina to date within its prospectus-based issuance programmes, and the fifteenth such offering undertaken by the company.

GESSEL provided comprehensive legal advice in connection with the bond issuance, including transaction structuring, preparation and review of the issuance and offering documentation, regulatory advice under Polish capital markets law, coordination of corporate matters on the issuer’s side, as well as ongoing support in relation to disclosure obligations and the registration of the bonds with the National Depository for Securities (KDPW) and their admission to trading on the Catalyst market operated by the Warsaw Stock Exchange.

The P2025C bond issuance marks another mandate undertaken by GESSEL for Cavatina Holding S.A., a client of the firm since 2021. Over the course of this long-standing relationship, GESSEL has advised the company, among other matters, on its initial public offering and debut on the Warsaw Stock Exchange, the establishment of successive prospectus and non-prospectus bond issuance programmes, the approval of prospectuses by the Polish Financial Supervision Authority, and multiple public bond offerings executed under those programmes.

“Each successive transaction completed together with Cavatina Holding demonstrates the importance of continuity of legal advice and a deep understanding of both business objectives and the applicable regulatory framework in capital markets transactions. We are pleased to have supported our client on this landmark bond offering and we thank Cavatina Holding for the trust it has placed in us over the years,” said Krzysztof Marczuk, Partner at GESSEL.