Dentons advised UniCredit on the deal.
UniCredit executed a US$50 million sustainability-linked loan to PJSC SIBUR Holding, the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in the global petrochemicals industry.
The sustainable financing agreement is linked to SIBUR’s progress in meeting its targets within the Sustainable Development Strategy. SIBUR’s interest rate on the loan will vary depending on whether it meets its targets with regard to reductions in greenhouse gas emissions and water consumption, and production of PET with recycled content. SIBUR is the first petrochemical company in Russia to enter into a loan agreement linked to its sustainability performance.
Dentons team was led by Partner Mark Segall (Picture; Warsaw) in collaboration with partner Andrei Strijak (Moscow), senior associate Lawrence Florescu (Bucharest), and associates Mikhail Fedorov and Marina Smirnova (both Moscow).
Law Firms: Dentons;
Clients: UniCredit Bank AG;