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Dentons Advises UniCredit on CHF 585 Million Sustainable Financing Deal with Russian Railways

Dentons Advises UniCredit on CHF 585 Million Sustainable Financing Deal with Russian Railways

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Dentons has advised UniCredit Bank AO Russia on a sustainability-linked CHF 585 million (approximately EUR 545 million) seven-year facility for Russian Railways. Cleary Gottlieb Steen & Hamilton reportedly advised Russian Railways on the deal.

According to Dentons, the interest rate on the facility is linked to the achievement of Russian Railways’ annual commitments regarding the reduction of air emissions and water consumption as part of its Environmental Strategy.

Russian Railways was the first company in Russia’s transport sector to secure an international loan linked to environmental performance.  

Dentons’ team included Warsaw-based Partner Mark Segall, Moscow-based Partner Andrei Strijak and Associate Marina Smirnova, Bucharest-based Senior Associate Lawrence Florescu, and Munich-based Counsel Surbhi Malhotra-Trenkel.

Editor's note: After this article was published, Cleary Gottlieb Steen & Hamilton confirmed its involvement in the deal. The firm's team included London-based Partner Polina Lyadnova and Associate Byamba Enkhbayar.

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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.

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