Hannes Snellman Counsel to Keliber Oy in the EUR 500 Million Green Loan Financing

Hannes Snellman acted as counsel to Sibanye-Stillwater’s subsidiary Keliber Oy in respect of matters of Finnish law in the EUR 500 million green loan financing for the Keliber lithium project in Finland through its subsidiary Keliber Technology Oy. The green loan secures the final capital expenditure funding required for the construction and development of the Keliber lithium project’s mining, processing, and refining facilities in Kaustinen, Kronoby, and Kokkola, Finland.

The green loan is a distinctive credit facility comprising a bank-financed EUR 250 million Export Credit Agency (ECA) guaranteed tranche, a EUR 150 million tranche provided by the European Investment Bank (EIB), and a EUR 100 million syndicated commercial bank tranche. The deal value is EUR 500 million.

Hannes Snellman’s core advisory team comprised Markus Bremer, Josefina Aalto, Anna Huttunen, and Oona Aalto.