Dentons has advised Modus Asset Management on obtaining EUR 58 million in debt financing from BNP Paribas Bank Polska and PKO Bank Polski to finance and refinance the acquisition of a 93-megawatt portfolio of photovoltaic projects in Poland. CMS advised BNP Paribas Bank Polska and PKO Bank Polski.
According to Dentons, Modus Asset Management also obtained a bank guarantee for the PPA agreement, which is a key element in securing financing and implementing projects.
Modus Asset Management is an asset management company specializing in the renewable energy sector.
The Dentons team included Partner Piotr Nerwinski, Counsel Pawel Dlugoborski, and Associates Dominika Krysiak-Bogdzio and Kamil Stankiewicz.
The CMS team included Partners Michal Mezykowski and Piotr Ciolkowski, Counsels Martyna Markiewicz, Maciej Ziolkowski, and Piotr Prawda, Senior Associate Anita Szemraj, Associates Anis Benamer, Bartlomiej Glabinski, and Jakub Przybylek, Lawyers Andrzej Szostak, Kinga Smarduch, Maciej Lorenz, and Damian Gierasimczuk, and Trainee Jadwiga Lester.