CMS advised TAURON Polska Energia S.A. and Deloitte Legal to Bank Gospodarstwa Krajowego (BGK), in connection with the conclusion of a debt agreement of PLN 310 million, granted to TAURON from the National Recovery Plan (KPO). The debt is intended to digitise the transformation of electricity networks, including the modernisation and digitisation of energy infrastructure.
On the CMS side, the task was supervised by partner Michał Meżykowski, and was led by elder associate Katarzyna Mazur. Lawyers supported the client in areas specified as preparing and negotiating financial documentation and ensuring compliance with all KPO requirements.
On behalf of Deloitte Legal, the transaction was conducted by a local partner Mariusz Banaś, whose squad provided comprehensive legal support to Bank Gospodarstwa Krajowy.
Internal teams were besides active in the project. From BGK's website: Head of Structured Finance Maryla Posyniak, Head Energy & Infrastructure, Structured Finance Jacek Dąbrowski, transaction manager Daniel Gaszyński, expert Beata Krystyanczuk, junior finance specialist Bartosz Cyran, legal advisor Mariusz Bujacz, Agnieszka Starczewska from the Department of European Programs and squad manager Marcin Fronczak.
The TAURON squad was composed of: Head of the Finance and Liquidity Management Organisation, Elżbieta Dratwińska, leading specialist Elżbieta Sadowska, Head of Finance & Liquidity Management squad Mirosław Żogala and Bartosz Peca.
TAURON Polska Energia S.A. is 1 of Polish energy companies. It produces, distributes and sells electricity and heat as well as coal extraction.
Source: CMS LI, Deloitte Legal LI
