Dentons has advised UniCredit on its provision of a USD 50 million sustainability-linked loan to PJSC Sibur Holding, the largest integrated petrochemicals company in Russia.
According to Dentons, the agreement is linked to Sibur’s progress in meeting its targets within the Sustainable Development Strategy. Furthermore, according to the firm, the interest rate on the loan will vary depending on whether Sibur reduces its greenhouse gas emission, water consumption, and PET production in accordance with those targets.
Dentons' multi-office team consisted of Warsaw-based Partner Mark Segall, Moscow-based Partner Andrei Strijak and Associates Mikhail Fedorov and Marina Smirnova, and Bucharest-based Senior Associate Lawrence Florescu.
