Global law firm Clifford Chance advised Solaris Bus & Coach on EUR 700 million syndicated financing in the form of credit and guarantee lines granted in order to fuel the company’s further development. The club of banks included Bank Gospodarstwa Krajowego, Erste Group AG, HSBC Continental Europe, mBank (ESG Coordinator), Pekao (Security Agent), PKO Bank Polski (Facility Agent) and Société Générale Polish Branch. The loan agreement was adjusted to the sustainability linked loan framework standard.
Solaris Bus & Coach is the leading European bus producer. The company focuses its operations on the development of zero-emission and low emission vehicles, contributing to the transition towards sustainable transportation. Solaris is a part of the CAF Group (Construcciones y Auxiliar de Ferrocarriles), a global designer and supplier of comprehensive transportation systems for sustainable mobility.
The work of the Clifford Chance team advising on the transaction was led by Miłosz Gołąb (Partner) and Bartosz Zieliński (Senior Associate managing the transaction). The team also included Mateusz Leleno (Associate) and Gabriela Kobak (Associate).