Clyde & Co advises consortium of banks on the PLN 400,000,000 financing of Electrum Concreo.

Warsaw, 7th November 2024 – Global law firm Clyde & Co has advised PKO Bank Polski S.A., mBank S.A., Bank Gospodarstwa Krajowego, Credit Agricole Bank Polska S.A. and Santander Bank Polska S.A. on financing for leading renewable energy contractor, Electrum Concreo sp. z o.o.

Electrum Concreo operates a 1.5 GW green energy portfolio, that includes some of Poland’s most significant renewable energy infrastructure investments. To date it has reduced CO2 emissions by 3.5 million tonnes through clean energy and oversees the country’s largest wind farm and large-scale PV projects.

Clyde & Co provided comprehensive advice around bilateral multi-product lines and a refinancing facility of up to PLN 400,000,000. The firm also supported on the preparation and negotiation of finance documents including bilateral financing agreements, a facility and common terms agreement, an intercreditor agreement and security documents.

The Clyde & Co team was led by counsel and Head of Banking and Finance – Poland, Michał Kalicki, supported by associate Marcin Lorenc and junior associate Ryszard Rutkowski.