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DLA Piper Advises Societe Generale on Green Loan to Russian Mining Sector

DLA Piper Advises Societe Generale on Green Loan to Russian Mining Sector

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DLA Piper has advised Societe Generale on a USD 125 million loan to Polymetal, a gold and silver producer with assets in Russia and Kazakhstan, to finance investments in the transition to a sustainable and low-emissions economy. This is the first green loan in the Russian mining sector.

According to DLA Piper, “Societe Generale will provide a six-year loan with a three-year grace period under Polymetal’s Green Financing Framework, which specifies eligible environmental, social, and governance projects and criteria for their long-term funding. The loan can be extended to seven years on the first anniversary of the signing. The loan proceeds will be allocated to projects among the following categories within 24 months from the first utilization: clean transportation, renewable energy, energy efficiency, and sustainable waste, and water management projects.”

DLA Piper’s Moscow-based team was led by Partner Karen Young and included Legal Director Alexei Kolesnikov and Associates Ksenia Mikhaylova and Daria Vasilieva.

DLA Piper did not reply to our inquiry on the matter.

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

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