Greenberg Traurig has advised the Polsat Plus Group on its PLN 2.67 billion issuance of sustainability-linked bonds according to the ICMA standard. Baker McKenzie advised the banks.
Trigon Dom Maklerski was the arranger and the banking consortium involved included BNP Paribas Bank Polska, Bank Pekao, Santander Bank Polska, and PKO BP.
The Polsat Plus Group is a media and telecommunications company. Companies from the group provide a total of over 20 million active service contracts.
According to Greenberg Traurig, “this is the largest issuance of corporate bonds denominated in Polish zloty by a private company with a value of PLN 2.67 billion. The issued bonds will support the Group’s implementation of Strategy 2023+, in particular the planned construction of 1,000 megawatts of installed capacity of low and zero-carbon clean electricity generation and the full value chain of the green hydrogen economy, resulting in the reduction of carbon dioxide in the Polish economy in the range of two million tons per year. The Polsat Plus Group has also committed to bondholders to successively migrate to zero-emission sources of electricity used for own internal purposes.”
Greenberg Traurig’s team included Partner Daniel Kaczorowski, Local Partner Paulina Kimla-Kaczorowska, and Associates Katarzyna Goljan, Michal Kuratowski, Lukasz Chmura, and Grzegorz Socha.
Baker McKenzie’s team included Partner Michal Glowacki, Associate Bartosz Ordon, and Lawyer Kajetan Huruk.