A&O Shearman advised Slovenské elektrárne on the refinancing of its EUR3.6 billion loan portfolio

The proceeds are to be primarily used for refinancing existing senior and subordinated loans, as well as for general corporate purposes, including working capital.

Commenting on the transaction, counsel Matúš Kudlák said: "Despite the challenges of 2024, we kicked off 2025 with closing this outstanding transaction, which represents a significant milestone in the Slovak energy sector. We believe this refinancing will provide Slovenské elektrárne with a solid financial foundation to continue their growth and stability of the energy market in Slovakia and Central Europe."

Zora Mistríková, General Counsel at Slovenské elektrárne commented: “We are pleased to be advised again by A&O Shearman who played an important role in completing this refinancing.”

The transaction team was led by Renátus Kollár and Matúš Kudlák, assisted by Petra Dzubáková and Ján Deset, with the support of English law team of Attila Csongrady and Peter Redo.