Dentons has advised a club of banks led by Tatra Banka and including UniCredit Bank Czech Republic and Slovakia, Slovenska Sporitelna, and Ceskoslovenska Obchodni Banka on a EUR 160 million ESG-linked syndicated loan to MH Teplarensky Holding. BBH reportedly advised the borrower.
According to Dentons, “the loan represents the first ESG-linked syndicated financing of a state-owned company on the Slovak market” and “will replace and significantly optimize the existing financings of MH Teplarensky Holding, which was created by a merger of six state heating companies in Bratislava, Trnava, Zvolen, Martin, Zilina, and Kosice in May 2022. At the same time, it will contribute to the transformation of state heating plants towards more ecological production.”
Dentons’ team included Partner Patricia Gossanyiova, Counsel Petra Strbova, and Associate David Stanek.
