Clifford Chance has advised a consortium of banks including Intesa Sanpaolo Oddział w Polsce as lender and paying agent, Banca IMI, London Branch and China Construction Bank Oddzial w Polsce as mandated lead arrangers and bookrunners, and Banca IMI S.p.A. as facility agent on a PLN 500 million syndicated loan to Tauron Polska Energia. Tauron Polska Energia was advised by Linklaters.
According to Clifford Chance, "the interest rate on the loans will be floating and will be calculated based on WIBOR benchmark rate increased by a margin. The margin depends on, among other things, the level of utilization of the credit facility and the level of pro-environmental key performance indicators, i.e., the level of gas emissions and the share of renewable energy sources in the power generation mix of the borrower's group."
The Clifford Chance team consisted of Partner Andrzej Stosio, Senior Associates Anna Miernik and Maksymilian Jarzabek, and Associate Bartosz Zielinski.
Linklaters's team included Partner Jaroslaw Miller, Associate Piotr Hurkala, and Junior Associate Michal de Bialynia Wojcikiewicz.
