CMS has advised a club of Czech banks consisting of Česká spořitelna, a.s. and Československá obchodní banka, a.s. on complex financing for the SILON Group, including a sustainability linked loan, which will be linked to the environmental goals of the entire group. The transaction included elements of Czech, German and US law.
The transaction was led by partner Petra Myšáková for CMS, supported by associate David Bujgl and lawyer Michal Václavík. Partner Philipp Melzer and his team handled the legal aspects of the transaction under German law. US law advice was provided by Vedder Price (team led by Jacqueline Helmrick Carlson) and the SILON Group was represented by Eversheds Sutherland.
SILON Group is a leading Czech manufacturer and supplier specialising in high-quality polymer blends based on polyolefins. The company combines innovation and sustainability to supply advanced materials used in a variety of industries such as automotive, construction and healthcare. Its products include drinking water and underfloor heating pipes, cables, automotive parts, household appliances, hospital beds and furniture components. SILON Group production plants are located in both Europe (the Czech Republic) and the USA (Georgia). The Group has more than 400 employees and supplies products to customers in over 40 countries.
