CEE - Mid Europa completes Aster recapitalisation

Mid Europa Partners has completed the recapitalisation of its portfolio company Aster, a Polish cable broadband operator. In the financing Aster raised EUR 415m through a combination of senior, mezzanine and pay-in-kind facilities from both new and existing lenders. The financing is the largest-ever recapitalisation in Poland and includes the largest-ever local currency-denominated senior credit facility in a leveraged financing in Central and Eastern Europe. Credit Suisse underwrote the financing and coordinated the amendment process. Kirkland & Ellis and White & Case advised Aster. Clifford Chance advised the lenders.