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For over a decade, we have been successfully advising our clients on financing

 
II.   COMPETENCES

Commercial real estate financing

We advise on the financing of office projects, warehouse projects, as well as shopping malls and parks.

We have experience in financing the construction and acquisition of commercial real estate properties as well as refinancing them. We advise on transactions involving single real estate projects as well as portfolio or cross-collateral financing.

Representing financing institutions, our responsibilities include preparation of legal reports on financed real estate, preparation of complete set of finance documents and its negotiations (including a loan or leasing agreement and security documents), as well as handling the conditions precedent fulfilment process.

With refinancing, we additionally prepare and negotiate pay-off and release letters.

In property acquisition finance transactions, we also verify real estate purchase documents and negotiate price settlement mechanisms, including using an escrow or fiduciary account structure.

When preparing finance documents, we rely on established market practices whilst at the same time carefully considering the specificity of a transaction.

Representing borrowers, we negotiate finance documents prepared by a legal counsel to the financing institution and support clients at the stage of handling the conditions precedent process.

We advise on changes to already concluded finance documents regarding, inter alia: increasing the financing amount, transformation or merger of the borrower, transfer of the financed real estate.

Residential projects financing

We offer legal advisory services in relation to residential project financing transactions. For these transactions, we conduct legal audits of the financed real estate, including verification of forms of development contracts.

Moreover, we prepare and negotiate the entire package of finance documents and handle the conditions precedent process .

Hotel financing

We provide legal services for financing the construction of hotels under leading international brands (including Autograph Collection, Curio Collection, Hilton, IBB Hotels, MGallery, Nobu and Tribute Portfolio) and domestic (including QHotels). Additionally, we advise on refinancing hotel investments.

We arrange and negotiate finance documents, provide support for establishing collateral, verify the conditions precedent for the first utilisation of the loan and handle processes related to fulfilment of conditions subsequent.

We prepare legal due diligence reports of a project regarding the property legal status and key project agreements, including licence, franchise, or hotel operator agreements.

Additionally, we advise on negotiating direct agreements or non-disturbance agreements with licensors or hotel operators.

Energy sector financing

We advise on bilateral and syndicated financing transactions for the construction of energy sector projects and their refinancing.

We focus on legal support for financing transactions for renewable energy projects, both wind and solar-powered, and handling financing transactions of projects based on auction support for renewable energy or merchant risk based ones.

We prepare and negotiate finance documents (including direct agreements with suppliers of key elements, contractors of key works or maintenance services), along with verifying the conditions precedent for the first utilisation and monitor the performance of conditions subsequent in the initial financing period.

Furthermore, we prepare legal due diligence reports, especially regarding: the title to property intended for the foundation of energy-generating elements, title to real estate used to connect a project with the transmission system, contracts for the supply of wind turbines or PV modules, contracts with construction contractors and administrative issues of the investment process.

Financing of investment projects and business activities

We advise on bilateral and syndicated financing (and refinancing) transactions of investment projects as well as working capital financing transactions in various industries, including for production and services sectors.

We handle transactions involving the construction of new production plants or service centres, as well as modernisation of existing production or service infrastructure.

Our most frequently implemented projects include not only financing or refinancing of an investment project, but also refinancing the existing debt of the borrower or its capital group and working capital financing for financed entities. These projects often involve also financing of acquisition carried out by financed entities as part of an investment project.

For the needs of such transactions, we prepare and negotiate finance documents, provide support for the process of establishing collateral and verify the conditions precedent for the first utilisation. We also handle processes related to conditions subsequent obligations. This often includes release of security established for the benefit of refinanced financial institutions.

Acquisitions finance

We provide legal services for purchase or acquisition finance transactions carried out in various sectors of the economy. As part of such transactions, we advise on the following:

– refinancing of the purchaser or the target (or its capital group)
– working capital financing for the target
– umbrella financing for the entire group
– investment financing for the implementation of investment programs of financed entities.

The transactions we handle include both, purchasing shares or stocks of targets and business acquisition transactions.

For the needs of such transactions, we prepare and negotiate finance documents, provide support for the process of establishing collateral, verify the conditions precedent for the first utilisation of loan. We also handle processes related to conditions subsequent obligations.

We negotiate payment mechanisms for settlement of price for and repayment of existing debts of the target. If the transaction involves refinancing the debt of the target, we additionally advise on repayment mechanisms and pay-off and release letters.

We handle financing transactions for various industries

III.   RECOGNITION

Chambers Europe 2022

What the team is known for: Well-reputed boutique active across the spectrum of mid-market banking and finance transactions, including capital, acquisition and real estate financings. Claims a client roster of domestic banks, though also well prepared to assist with transactions covering multiple regional jurisdictions.

Strengths: “They look for solutions and cooperate well.” a source says.

Work highlights: Assisted a Polish bank on the refinancing and development financing for a portfolio of  two hotels in southern Poland.

Notable practitioners: Grzegorz Kycia advises on variety of financing institutions including real estate finance, with a focus on mid-market transactions.

Chambers Europe 2021

What the team is known for: Well-reputed boutique active across the spectrum of mid-market banking and finance transactions, including capital, acquisition and real estate financings. Claims a client roster of domestic banks, though also well prepared to assist with transactions covering multiple regional jurisdictions.

Strengths: The dedication of the firm’s partners is valued by clients, one claiming that the team is „always available for contact”, before saying that “the senior lawyers are dealing with the client.”

A peer describes co-operation as „smooth” as well as „commercial.”

Work highlights: Assisted a domestic bank with the PLN56 million capital and expansion financing for a group of e-commerce companies operating in Poland and the Baltics.

Chambers Europe 2020

What the team is known for: Well-reputed boutique active across the spectrum of mid-market banking and finance transactions, including capital, acquisition and real estate financings. Claims a client roster of domestic banks, though also well prepared to assist with transactions covering multiple regional jurisdictions.

Strengths: The dedication of the firm’s partners is valued by clients, one claiming that the team is „always available for contact”, before saying that “the senior lawyers are dealing with the client.”

A peer describes co-operation as „smooth” as well as „commercial.”

Work highlights: Assisted a domestic bank with the PLN56 million capital and expansion financing for a group of e-commerce companies operating in Poland and the Baltics.”

Chambers Europe 2020

Anna Kycia i Grzegorz Kycia zostali wskazani jako rozpoznawalni prawnicy (ang. notable practitioners) z zakresu bankowości i finansów.

Grzegorz Kycia is a well-respected finance lawyer whose areas of expertise encompass general financing, project finance and financial restructuring. In addition, he advises clients on corporate issues. Sources describe him as „bright” and note his solid technical skills.

Anna Kycia is a recognised banking and finance practitioner. She has a notable track record of assisting clients with real estate financing matters. She regularly represents banks.

Chambers Europe 2017

What the team is known for: Financing boutique predominantly focused on mid-market transactions. Highly active in real estate, acquisition and project finance, acting primarily for lenders. The firm’s partners have previously worked for international law firms.

Strengths: The lawyers reputed for their experience of handling real estate financing.

Chambers Europe 2017

Anna Kycia i Grzegorz Kycia zostali wskazani jako rozpoznawalni prawnicy (ang. notable practitioners) z zakresu bankowości i finansów.

Grzegorz Kycia is a well-respected finance lawyer whose areas of expertise encompass general financing, project finance and financial restructuring. In addition, he advises clients on corporate issues. Sources describe him as “bright” and note his solid technical skills.

Anna Kycia is a recognised banking and finance practitioner. She has a notable track record of assisting clients with real estate financing matters. She regularly represents banks.

the iflr1000 2017 edition

Anna Kycia i Grzegorz Kycia zostali wskazani jako wiodący prawnicy (ang. leading lawyers) z zakresu bankowości i finansów.

the iflr1000 2016 edition

Anna Kycia i Grzegorz Kycia zostali wskazani jako wiodący prawnicy (ang. leading lawyers) z zakresu bankowości i finansów.

Chambers Europe 2016

Anna Kycia i Grzegorz Kycia zostali wskazani jako rozpoznawalni prawnicy (ang. notable practitioners) z zakresu bankowości i finansów.

Grzegorz Kycia is a well-regarded banking lawyer who receives very positive feedback from clients.
“He is open-minded and able to propose solutions very quickly. He has great negotiation skills and responsiveness,” a happy client reports.

Anna Kycia assists with a range of financing matters, particularly relating to real estate financing. She mostly represents banks.

Chambers Europe 2016

What the team is known for: Finance-focused boutique firm, predominantly representing lenders in mid-market transactions. Notable track record in real estate financing. Active in structured finance transactions.

Work highlights: Advised a bank on a PLN515 million refinancing for the development of a supermarket chain. Represented a bank in a PLN27 million financing of a hospital modernisation project.

the iflr1000 2015 edition

Anna Kycia i Grzegorz Kycia zostali wskazani jako wiodący prawnicy (ang. leading lawyers) z zakresu bankowości i finansów.

Chambers Europe 2015

Anna Kycia i Grzegorz Kycia zostali wskazani jako rozpoznawalni prawnicy (ang. notable practitioners) z zakresu bankowości i finansów.

“Anna Kycia has considerable experience of real estate and energy project financing from several years working in international law firms.”.

“Clients appreciate Grzegorz Kycia for his financial knowledge and say that “he is flexible in finding solutions and has great operational capacity.” He is also respected by peers, with one commenting: “I have high regard for his technical skills.”

Chambers Europe 2015

What the team is known for: Boutique firm specialising in mid-market transactions. Assists with real estate and acquisition financing and refinancing, as well as project finance. Also advises on long-term financing and short-term working capital. Strong client base of banks. Strengths (Quotes mainly from clients): “The firm is well matched for mid-cap and smaller transactions; it offers quality work at a competitive price. Reliable service with easy and open communication.”.

Work highlights: Acted for Alior Bank on the PLN46.8 million refinancing of a property portfolio. Advised mBank on a loan facility for a shopping gallery.

the iflr1000 2014 edition

Anna Kycia i Grzegorz Kycia zostali wskazani jako wiodący prawnicy (ang. leading lawyers) z zakresu bankowości i finansów.

Chambers Europe 2014

Anna Kycia i Grzegorz Kycia zostali wskazani jako rozpoznawalni prawnicy (ang. notable practitioners) z zakresu bankowości i finansów.

„Anna Kycia is recommended for being “very hard-working and very fast.” She advises on structured and real estate financing transactions and is praised for her commerciality.”.

„Grzegorz Kycia is praised by sources for his drafting skills and for being “innovative when seeking solutions.” His practice encompasses real estate finance and structured finance.”

Chambers Europe 2014

What the team is known for: A banking and finance boutique visible on the lender side. Active in mid-market transactions, structured finance, real estate finance and restructuring. Strengths (Quotes mainly from clients) “The lawyers are accurate and understand what the client wants.”.

Work highlights Advised BRE Bank on providing a PLN100 million umbrella financing to a group of companies producing machinery and devices for the cable industry. Acted for a consortium of Polish banks, including PKO Bank Polski, on a PLN150 million investment facility for a fuel distribution company.

the Legal500 2014 edition

Kancelaria została wskazana jako rekomendowana kancelaria (ang. recommended firm) z zakresu bankowości i finansów.

the iflr1000 2013 edition

Kancelaria została wskazana jako wiodąca kancelaria (ang. leading firm) z zakresu bankowości i finansów.

the iflr1000 2012 edition

Newly established by former Linklaters managing associate Anna Kycia and Grzegorz Kycia, Kycia Law Firm is a banking boutique focused on property finance, restructuring and project finance.

Of late, the firm advised five banks, including Bank Polska Kasa Opieki SA and Deutsche Bank in the restructuring of €12.5 million loans provided to the borrower.

Furthermore, the firm advised Bank Polska Kasa Opieki SA in the €19 million secured loan for financing the development of stages 3 and 4 of a 4 stage residential project.