Silon Group Secures Financing for Sustainability
Deal News | Nov 19, 2024 | CEE Legal Matters
CMS, along with Vedder Price, advised Ceska Sporitelna and Ceskoslovenska Obchodni Banka on a financing deal for the Silon Group, incorporating a sustainability-linked loan aimed at aligning with the group's environmental objectives. Eversheds Sutherland represented Silon Group, a Czech company known for its high-quality polyolefin-based polymer blends. The deal highlights an increasing trend of integrating sustainability features into financial transactions. Previously, Eversheds Sutherland also advised Silon on its acquisition of Pesl.
Sectors
- Financial Services
- Manufacturing
- Legal Services
- Sustainability
Geography
- Czech Republic – Silon Group is based in the Czech Republic, and the CMS team includes members from the country.
- Germany – Involvement of a Germany-based partner from CMS in the transaction.
Industry
- Financial Services – Relates to the involvement of Ceska Sporitelna and Ceskoslovenska Obchodni Banka providing financing.
- Manufacturing – Silon Group is involved in manufacturing polymer blends, making it relevant to the industry.
- Legal Services – Involvement of law firms CMS and Eversheds Sutherland in advising on the transaction.
- Sustainability – The financing includes a sustainability-linked loan tied to environmental goals.
Financials
- Undisclosed – The financial amount of the sustainability-linked loan was not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Silon Group | Target Company | Company | Czech manufacturer specializing in polymer blends. |
| Ceska Sporitelna | Financing Bank | Company | One of the banks providing financing for Silon Group. |
| Ceskoslovenska Obchodni Banka | Financing Bank | Company | One of the banks providing financing for Silon Group. |
| CMS | Legal Advisor for Banks | Company | Advised the banks on the financing deal. |
| Eversheds Sutherland | Legal Advisor for Silon | Company | Provided legal counsel to Silon Group. |
| Vedder Price | Legal Advisor | Company | Collaborated with CMS in advising the banks. |