Press Glass obtained bank financing
On June 9, 2021, the Press Glass Group obtained bank financing in the amount of approximately PLN 1.2 billion to refinance its current debt and finance further investments, i.e. the construction of two new production plants – in Lithuania and in the United Kingdom.
The consortium participating in the financing consists of four commercial banks: PKO BP S.A., BNP Paribas Bank Polska S.A., ING Bank Śląski S.A. and Santander Bank S.A. It is one of the largest transactions of this type on the market recently.
The new financing, obtained in large part for the further foreign development of the Group, will enable the creation of new, most modern, and automated plants of this type in Europe. The dynamic investment plan will allow the Group to maintain the title of the leader on the European market of window and facade glass.
