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Greenberg Traurig is Advising Polsat Plus Group on the Largest Issuance of Private Company Corporate Bonds Denominated in Polish Zloty

WARSAW – 21 December 2022 – Greenberg Traurig is advising the Polsat Plus Group as the first Polish company issuing Sustainability-Linked Bonds according to the international ICMA (International Capital Market Association) standard.

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 MW 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 CO2 in the Polish economy in the range of 2 million tons per year. Polsat Plus Group has also committed to bondholders to successively migrate to zero-emission sources of electricity used for own internal purposes.

“The is another landmark transaction for our Client Polsat Plus Group on which Greenberg Traurig has the pleasure to advise on. The impact of this landmark transaction is much broader than its unprecedented scale, innovative approach and complex nature – it also showcases the resilience and potential of entire market as we cap off 2022,” said Partner Daniel Kaczorowski from the Warsaw Office.

The transaction is led by Local Partner Paulina Kimla-Kaczorowska and Partner Daniel Kaczorowski. The Greenberg Traurig team also includes Associates: Katarzyna Goljan, Michał Kuratowski, Łukasz Chmura and Grzegorz Socha.

Greenberg Traurig is providing complex legal advice with respect to the transaction.

Grupa Polsat Plus is one of the largest Polish companies and a leading media and telecommunications group in the region. Over 6 million B2B and B2C contract customers and companies from the Group provide a total of over 20 million active services.

Greenberg Traurig, recognized as one of the leading law firms in Poland, was recently named 2021 “Law Firm of the Year in Poland” by International Financial Law Review (IFLR) and was also awarded “Poland Firm of the Year” at the highly esteemed Euromoney Legal Media Group “Women in Business Law Awards 2021 Europe.” “MergerMarket” ranked the firm as No. 1 with respect to the value of M&A transactions handled in Poland in 2021, with the value of almost 7 USD billion.

Greenberg Traurig LLP

Greenberg Traurig, LLP is a global, multi-practice law firm with approximately 2500 attorneys serving clients from 43 offices in the United States, Latin America, Europe, Asia, and the Middle East.

GREENBERG TRAURIG Nowakowska-Zimoch Wysokiński sp.k. was named the 2021 Poland Firm of the Year award at the highly esteemed Euromoney Legal Media Group “Women in Business Law Awards 2021 Europe” and the 2021, 2019, 2018 Law Firm of the Year in Poland by International Financial Law Review (IFLR). The Warsaw office of Greenberg Traurig, LLP provides legal services to clients in Central Europe and beyond and consists of approximately 100 lawyers. Team members are regularly recognized as leaders in numerous practice areas. Chambers Global, Chambers Europe, IFLR1000 and EMEA Legal 500 consistently rank them among the top tiers the areas of Corporate/M&A, Capital Markets, Real Estate, Private Equity, Tax, Banking and Finance, Project Finance, Energy, Dispute Resolution, TMT and Antitrust/Competition.

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