AmRest secures €50 mln & PLN 100 mln extra financing

Restaurant operator AmRest Holdings amended its credit deal with banks Pekao, BZ WBK, BGŻ BNP Paribas and ING BSK, securing an extra €50 million tranche for M&A activity and increasing an existing revolving tranche by PLN 100 million, the firm said in a market filing. AmRest announced on April 20 it had signed a deal to buy a 100 percent stake in Starbucks Deutschland for an estimated €41 million. AmRest is an international fast-food and casual dining restaurant operator. The company is primarily based in Wrocław and operates in Poland, the Czech Republic, Hungary, Russia, Bulgaria, Serbia, Croatia, Spain, France, Germany and the United States. The company had its initial public offering on the Warsaw Stock Exchange in 2005.