White & Case advises syndicate of banks on PLN 675 million financing for Electrum

Global law firm White & Case LLP has advised a syndicate of banks on the PLN 675 million financing for Electrum, a leading Polish energy infrastructure group driving energy transition & digital business transformation across Poland and Europe, with focus on the Baltic Sea region.

The financing package comprises a PLN 550 million guarantee facility, a PLN 100 million revolving credit facility and a PLN 25 million capex facility.

The lending syndicate comprised Bank Pekao S.A., as the facility agent, PKO Bank Polski S.A., as the security agent, Crédit Agricole Bank Polska S.A., BNP Paribas Bank Polska S.A., mBank S.A., Erste Bank Polska S.A., Bank Millennium S.A. and Bank Gospodarstwa Krajowego.

Electrum designs, builds and maintains wind, solar and energy storage infrastructure, with more than 4 GW of assets under management, and combines engineering and O&M expertise with its own digital control and analytics systems, supporting the transition to a more resilient and efficient energy system.

The White & Case team in Warsaw which advised on the transaction was led by partner Grzegorz Abram and included local partner Michał Oleś and associates Paweł Ostrowski, Aleksander Eggink, Agnieszka Pawlińska and Kacper Wojtacha.

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