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Dentons Advises Banks on EUR 160 Million ESG-Linked Loan to State Heating Holding

Dentons Advises Banks on EUR 160 Million ESG-Linked Loan to State Heating Holding

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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.

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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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