Clifford Chance Moscow has advised Societe Generale on a bilateral sustainability-linked credit facility of up to USD 75 million for Polymetal, a top-20 global gold producer and top-5 global silver producer with assets in Russia and Kazakhstan.
The facility incorporates an adjustment mechanism which links the pricing of the loan to five of Polymetal’s key environmental and social indicators: implementing a comprehensive climate management system, ensuring tailings storage safety, reducing fresh water use, maintaining occupational health and safety, and supporting and engaging local communities.
The Clifford Chance team was led by Partner Vladimir Barbolin, supported by Counsel Igor Bichenkov and Associate Arina Skrebkova.
