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Dentons and CMS Advise on Modus Asset Management's EUR 58 Million Financing for 93-Megawatt PV Portfolio

Dentons and CMS Advise on Modus Asset Management's EUR 58 Million Financing for 93-Megawatt PV Portfolio

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Dentons has advised Modus Asset Management on obtaining EUR 58 million in debt financing from BNP Paribas Bank Polska and PKO Bank Polski to finance and refinance the acquisition of a 93-megawatt portfolio of photovoltaic projects in Poland. CMS advised BNP Paribas Bank Polska and PKO Bank Polski.

According to Dentons, Modus Asset Management also obtained a bank guarantee for the PPA agreement, which is a key element in securing financing and implementing projects.

Modus Asset Management is an asset management company specializing in the renewable energy sector.

The Dentons team included Partner Piotr Nerwinski, Counsel Pawel Dlugoborski, and Associates Dominika Krysiak-Bogdzio and Kamil Stankiewicz.

The CMS team included Partners Michal Mezykowski and Piotr Ciolkowski, Counsels Martyna Markiewicz, Maciej Ziolkowski, and Piotr Prawda, Senior Associate Anita Szemraj, Associates Anis Benamer, Bartlomiej Glabinski, and Jakub Przybylek, Lawyers Andrzej Szostak, Kinga Smarduch, Maciej Lorenz, and Damian Gierasimczuk, and Trainee Jadwiga Lester.

Dentons at a Glance

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

Firm's website.