Linklaters has advised Tauron Polska Energia on obtaining financing through two credit agreements with a total value of PLN 2.9 billion with BGK, PKO Bank Polski, and ICBC. Taylor Wessing advised PKO Bank Polski and ICBC. Deloitte Legal reportedly advised BGK.
According to Linklaters, "the first credit agreement, valued at PLN 2 billion, was concluded with Bank Gospodarstwa Krajowego, while the second, valued at PLN 900 million, was signed with a consortium of banks comprising PKO Bank Polski and Industrial and Commercial Bank of China. The funds will be allocated for financing and refinancing investments related to renewable energy sources, the development of distribution networks, the construction of energy storage facilities, the transformation of heating infrastructure, and the acquisition of companies undertaking RES projects."
In 2022, Linklaters advised on PLN 4 billion financing for Tauron (as reported by CEE Legal Matters on July 25, 2022).
The Linklaters team included Partner Marta Domino, Senior Associate Katarzyna Lesinska, and Associate Michal de Bialynia Woycikiewicz.
The Taylor Wessing team included Partner Zbigniew Korba and Counsel Michal Kulig.
