Electrum Concreo Secures PLN 400 Million Financing for Renewable Energy Projects
Deal News | Nov 12, 2024 | CEE Legal Matters
Electrum Concreo, a leading Polish company focused on renewable energy project development, has secured up to PLN 400 million in financing through bilateral multi-product lines and a refinancing facility. The financing package is provided by a consortium of banks, including PKO Bank Polski, mBank, Bank Gospodarstwa Krajowego, Credit Agricole Bank Polska, and Santander Bank Polska. Schoenherr, a prominent law firm, advised Electrum Concreo on this substantial financing arrangement, while Clyde & Co provided legal counsel to the banks. Electrum Concreo is a subsidiary of the Electrum Group, known for delivering cutting-edge solutions in energy and information technologies. Their portfolio boasts significant projects, including the largest wind farm in Poland and a major renewable energy park in Central and Eastern Europe. The advisory teams included key figures such as Partner Ilona Fedurek and Senior Attorney Piotr Bartos from Schoenherr, and Counsel Michal Kalicki and Associates Marcin Lorenc and Ryszard Rutkowski from Clyde & Co.
Sectors
- Renewable Energy
- Legal Services
- Finance
Geography
- Poland – This is where Electrum Concreo is based and where the renewable energy projects, including one of the largest wind farms, are located.
- Central and Eastern Europe – Electrum Concreo's portfolio includes one of the largest renewable energy parks in this region.
Industry
- Renewable Energy – Electrum Concreo focuses on the development of renewable energy projects, contributing to this industry through their portfolio of projects including wind farms and photovoltaic installations.
- Legal Services – Law firms Schoenherr and Clyde & Co were involved in advising Electrum Concreo and the banks, respectively, playing a crucial role in the financial transaction.
- Finance – The article involves a substantial financing arrangement, highlighting the role of several banks in providing the loan facility to Electrum Concreo.
Financials
- PLN 400 Million – The financing amount secured by Electrum Concreo for their renewable energy projects.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Electrum Concreo | Target Company | Company | A Polish company focusing on the development of renewable energy projects. |
| Schoenherr | Legal Advisor | Company | A law firm that advised Electrum Concreo on the financing deal. |
| Clyde & Co | Legal Advisor | Company | A law firm that provided legal advice to the banks involved in the financing. |
| PKO Bank Polski | Lender | Company | One of the banks providing financing to Electrum Concreo. |
| mBank | Lender | Company | Bank involved in providing financing as part of the consortium. |
| Bank Gospodarstwa Krajowego | Lender | Company | Bank involved in providing financing as part of the consortium. |
| Credit Agricole Bank Polska | Lender | Company | Bank involved in providing financing as part of the consortium. |
| Santander Bank Polska | Lender | Company | Bank involved in providing financing as part of the consortium. |
| Ilona Fedurek | Partner | Person | A partner at Schoenherr, involved in advising Electrum Concreo. |
| Piotr Bartos | Senior Attorney at Law | Person | A senior attorney at Schoenherr, involved in advising Electrum Concreo. |
| Michal Kalicki | Counsel | Person | A counsel at Clyde & Co, advising the banks in the financing deal. |
| Marcin Lorenc | Associate | Person | An associate at Clyde & Co, advising the banks in the financing deal. |
| Ryszard Rutkowski | Junior Associate | Person | A junior associate at Clyde & Co, advising the banks in the financing deal. |