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Spearhead International completes refinancing ahead of next phase of growth

P&P Spearhead UK Holdings Ltd, operating through Spearhead International Ltd ("Spearhead" or the "Group"), is pleased to announce the closing of a Group-level bank refinancing.

The new facilities comprise senior term loans as well as undrawn facilities to support the Group's existing operations and growth initiatives.

Commenting on the transaction, Tomasz Zdziebkowski, CEO of Spearhead, said "I am delighted by the successful closing of this refinancing, which puts in place a simplified capital structure for Spearhead and provides enhanced financial and operational flexibility as we enter our next phase of growth. These banking relationships with key institutions across our geographies will strongly support the group in realizing its growth strategy."

The Mandated Lead Arrangers of the refinancing were BANK BGŻ BNP PARIBAS S.A., BANK ZACHODNI WBK S.A. (a member of Santander Group), ERSTE GROUP BANK AG, ING BANK N.V., POWSZECHNA KASA OSZCZĘDNOŚCI BANK POLSKI S.A. and RAIFFEISEN BANK POLSKA S.A.

Financial and legal advice on the refinancing was provided by Rothschild and CMS Cameron McKenna respectively.

Spearhead is the leading integrated food and agriculture business across the CEE region and the UK. The Group's business operations include primary crop production from over 85,000 hectares of land as well as upstream and downstream operations.

Contacts

United Kingdom: Oskar Zahn  +44 1223 233263

Poland: Tomasz Zdziebkowski  +48 61 866 9034

Spearhead International is a European farming group supplying food processors, manufacturers and retailers. Farming approximately 90,000 hectares we have the scale to reliably deliver high quality produce. We manage risk through diversity of geography, enterprise selection, management and marketing.

Contact us

Spearhead International Ltd
3 Pioneer Court
Chivers Way
Histon
Cambridge
CB24 9PT UK

Tel: +44 (0) 1223 233263
E-mail:

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