Global law firm Dentons supported Komerční banka, a.s. and Česká spořitelna, a.s. in connection with an SSL/ESG amendment, completed in May 2023, to the W.A.G. payment solutions plc (Eurowag) multicurrency term and revolving facilities agreement of September 2022. Listed on the London Stock Exchange, Eurowag is a leading pan-European integrated payment and mobility platform focused on the commercial road transportation industry.

The original multicurrency term and revolving facilities agreement was signed in September 2022 to refinance and expand the group’s existing credit facilities. The amendment from May 2023 links these facilities to the achievement of Eurowag’s sustainability goals, and their interest rate pricing will be based on the company’s achievement of the agreed set of KPIs.

“We are proud to have assisted our clients with their first sustainability-linked loan signed in the Czech Republic in accordance with international standards and principles issued by the Loan Market Association,” stated Daniel Hurych, Co-head of Dentons’ Banking and Finance practice in the Czech Republic. “The common goal of the Eurowag Group, cooperating banks and the assisting law firms was to support the company’s ambitious, material and verifiable sustainability targets, especially in terms of the reduction of CHG emissions and the promotion of female leadership in the organization.”

Prague-based partner Daniel Hurych led Dentons’ cross-border legal team on the transaction, with assistance from associates Ondřej Valeš and Eva Klímová. The team also included partner Mark Segall (Warsaw), counsel Surbhi Malhotra-Trenkel (Munich), partner Jabier Badiola Bergara, associate Ignacio Fernández, paralegal María Hernández and associate Adelaida Torres (all Madrid).