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Weil Advises TVN on €430 Million High Yield Bond Issuance

International law firm Weil, Gotshal & Manges has advised Poland’s leading private television broadcaster, TVN, in connection with an offering of €430m high yield notes to finance the redemption of outstanding high yield notes. Weil acted as US and Polish counsel to TVN.

The U.S./U.K. team included Meghan Stanton, James Crook and Georgina Wilson, and New York tax partner Larry Horton. Weil’s Warsaw team was led by partner Anna Frankowska and included counsel Zofia Frydrychowicz and associates Anna Blonska and Jacek Balicki.

Weil has advised TVN previously on a number of significant corporate and finance transactions. In 2012 Weil advised ITI Media Group and TVN in connection with an agreement with French entertainment company Groupe Canal+ to combine their pay-TV operations in Poland, in a joint venture called "nC+". As part of the transaction, Groupe Canal+ also acquired a minority stake in TVN from ITI with the option to gain control commencing three years after the closing of the transaction. Prior to that, Weil advised TVN in connection with TVN’s 2010 offering of €175 million fixed rate senior notes due 2018.