WKB advised Energix in negotiating and executing a facilities agreement under which the EBRD and Banco Santander will provide PLN 550 million in financing for the construction in Poland of two wind farms which will generate 125.4 MW. Banco Santander will benefit from a partial guarantee from Denmark’s Export Credit Agency and Santander Bank Polska will act as agent, security agent and the account bank.
WKB assisted in negotiating the project finance documentation (including the facilities agreement, the sponsor support agreement, and the security documents), as well as assisting with the CP satisfaction process and coordinating support from foreign counsel.
The WKB team was led by three partners, Agnieszka Wiercińska – Krużewska (commercial), Marcin Smolarek (banking) and Maciej Szambelańczyk (energy), and counsel Michał Kalicki (banking). Other team members included: Aleksandra Nalewajko (banking), Marcin Lorenc (banking), Krzysztof Sikorski (energy), Krzysztof Wawrzyniak (corporate), Mateusz Bąk (corporate) and dr Sergiusz Urban (environmental).
Energix is a strategic Client of WKB, and we are proud to assist Energix in all aspects of their Polish operations since they entered the Polish market in 2012.