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Dentons Advises UniCredit on ESG Loan to Sibur

Dentons Advises UniCredit on ESG Loan to Sibur

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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.

Dentons at a Glance

Dentons is the world's largest law firm, connecting talent to the world's challenges and opportunities in more than 75 countries. Dentons' legal and business solutions benefit from deep roots in our communities and award-winning advancements in client service, including Nextlaw, Dentons’ innovation and strategic advisory services. Dentons' polycentric and purpose-driven approach, commitment to inclusion and diversity, and world-class talent challenge the status quo to advance client and community interests in the New Dynamic.

Dentons is one of the leading law firms in CEE/CIS, with offices in Warsaw, Prague, Budapest, Moscow, Bucharest, Bratislava, Kyiv, Baku, Almaty, Astana, Tbilisi and Tashkent. With a legacy of supporting local and international clients in Central and Eastern Europe since the early 1990s, we have the experience and market insight to help clients close deals, resolve disputes and do business in the key markets across the region.

Firm's website.