Wolf Theiss advises CANPACK Group as local counsel on the USD 520 million asset-based revolving credit facility from Wells Fargo Bank

Warsaw, 10 June 2026 – Wolf Theiss, in collaboration with Morgan Lewis and some other local counsels, has advised CANPACK Group, a global manufacturer of aluminium beverage cans and packaging solutions for the food, beverage and chemical industries, on the USD 520 million asset-based revolving credit facility, marking a landmark financing as the first transaction of its kind provided directly by Wells Fargo Bank to Polish borrowers.

The five-year facility will refinance and extend CANPACK’s existing multi-currency revolving credit lines of USD 400 million and EUR 100 million and will support the group’s general corporate purposes and working capital requirements. The transaction represents a significant step in optimising CANPACK’s capital structure and strengthening its liquidity position.

CANPACK Group is a leading global manufacturer of aluminium beverage cans, food and beverage packaging, glass bottles and metal closures. The group operates in 15 countries and employs approximately 8,500 people worldwide.

Wells Fargo Bank acted as Joint Lead Arranger, Administrative and Collateral Agent together with CITIBANK N.A. and BNP Paribas, as Joint Lead Arrangers. Lenders also include J.P. Morgan, ING Capital LLC and PKO Bank Polski SA.

Given the cross-border nature of the financing and its innovative structure, Wolf Theiss, alongside Morgan Lewis acting as lead counsel, played a key role in supporting CANPACK Group throughout the process in Poland, Romania and the Czech Republic. The team advised on the alignment of international asset-based lending standards with local legal requirements, ensuring that the financing structure was both commercially effective and fully compliant from a local law perspective.

The Polish team was led by Senior Associate Jan Gąsiorowski, under supervision of Partner Przemek Kozdój, with support from Associate Maria Markowska-Zalewska (all Banking & Finance).

In the Czech Republic, Partner Robert David and Senior Associate Filip Michalec (both Banking & Finance) advised on Czech law aspects.

In Romania, the team included Partner Claudia Chiper and Senior Associate Andreea Tudorache (both Banking & Finance).