Schroders acted as an anchor investor, further underlining investor confidence in GTC. On 1 October 2025, GTC Group launched a tender offer for its €500 million unsecured notes due 2026, of which €494 million remain outstanding. This transaction marks a step in the Group's strategy to strengthen its balance sheet, extend its maturity profile and support its deleveraging objectives.

The oversubscription demonstrates investor confidence in GTC's credit profile and strategy under the new management team. Orders came from international asset managers, regional investment firms, and Polish institutional investors. The transaction drew interest from both existing noteholders and new investors, reinforcing GTC Group's position as a trusted issuer in international credit markets.

Małgorzata Czaplicka, CEO of GTC, said: "The investor response is a strong endorsement of GTC's strategy and market position. This transaction demonstrates the trust of both international and domestic investors and positions GTC for continued stability in its core markets." Jacek Bagiński, CFO of GTC, said: "This refinancing strengthens our capital structure, extends the maturity profile of our debt and reinforces investor confidence. We remain focused on maintaining financial discipline while supporting growth across the GTC Group."

As part of the transaction, GTC entered into a backstop agreement with funds managed by Schroder Investment Management Limited and Schroder Investment Management North America Inc. Schroders committed to purchase and was allocated €275 million of New Notes, providing an anchor to the issuance as a long-term investor in GTC's business. Patrick Vogel, Head of Credit, Europe at Schroders, added: "Schroders' leveraged finance specialists work closely with companies such as GTC to build strong relationships and support their long-term capital needs. Our approach enables us to strengthen the funding positions of companies and deliver investment opportunities which help meet the needs of our clients."