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Taylor Wessing and White & Case Advise on PLN 1.65 Billion Loan to JSW

Taylor Wessing and White & Case Advise on PLN 1.65 Billion Loan to JSW

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Taylor Wessing has advised a consortium of banks and financial institutions on the PLN 1.65 billion financing provided to Jastrzebska Spolka Weglowa under a sustainability-linked loan formula. White & Case advised JSW.

The Jastrzebska Spolka Weglowa Group is a producer of high-quality coking coal and a major producer of coke in the European Union, listed on the Warsaw Stock Exchange since 2011.

According to Taylor Wessing, “the funds raised are intended to guarantee the company's continued growth while achieving its climate transformation goals. The financing was provided by eight financial institutions: PKO BP, Bank Pekao, PZU, PZU Zycie, ARP, BGK, Alior Bank, and TF Silesia. Additional collateral is an insurance guarantee from KUKE.”

Taylor Wessing’s team included Partners Zbigniew Korba, Lukasz Szymanski, and Andrzej Mikosz, Counsel Antoni Goraj, and Senior Associates Pawel Skura, Magdalena Jaczewska-Zurek, and Mateusz Ochocki.

White & Case's team included Warsaw-based Partner Grzegorz Abram and Associates Joanna Misztal-Dzitko, Roksana Kaluzna-Balazy, Mateusz Dyduch, and Marlena Skowronska.