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Dentons and Kinstellar Advise on USD 200 Million Green Financing for Volta

Dentons and Kinstellar Advise on USD 200 Million Green Financing for Volta

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Dentons has advised Raiffeisen Bank on a USD 200 million five-year syndicated green loan facility for Volta Energy Solutions Hungary. Kinstellar advised the borrower.

"As a result of the transaction, Volta, a subsidiary of Solus Advanced Materials in South Korea, which is one of the global leading producers of battery copper foil, will be able to complete its USD 310 million second investment phase in Kornye, in northwestern Hungary, and to increase its battery copper foil capacity from 15,000 tons per year to 38,000 tons per year," Dentons announced.

Solus Advanced Materials subsidiary Volta is an ultra-thin battery copper foil manufacturer for electric vehicle batteries.

"We are delighted with our cooperation with valued syndication lenders, which marks another step forward in greening the economy and advancing e-mobility," Solus Advanced Materials CFO Keun Man Kwak commented. "We strongly believe this syndication will strengthen our growth strategy and contribute to accelerating the shift to electric vehicles and a cleaner world for us all. We look forward to continued cooperation with local financial institutions as a committed long-term partner."

The Dentons team was led by Partner Gergely Horvath and included Hungary Managing Officer Gabor Kiraly, Senior Associate Gabriella Pataki, and Junior Associates Kinga Kovacs and Nora Nagy.

The Kinstellar team included Budapest-based Partner Csilla Andreko, Of Counsel Dalma Ordogh, Counsel Levente Hegedus, and Junior Associate Zoltan Zagyva, as well as Prague-based Partner Kvetoslav Krejci.

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Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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