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26 June 2020 / deal

Loyens & Loeff advises EQT on the largest ESG linked subscription facility of the fund finance market

Loyens & Loeff Luxembourg assisted EQT in the fund financing aspects of a new environmental, social and governance (“ESG”) linked subscription credit facility targeting the private equity industry.

This ESG-linked fund bridge is the largest of its kind on the global fund financing markets, amount EUR 2.3 billion for a limit of EUR 5 billion. A large syndicate of lenders is backing the initiative, global financial institutions such as BNP Paribas and SEB acting respectively as Sustainability Agent and Sustainability Coordinators. It is the very first ESG-linked fund bridge facility of this size in the global fund financing markets.

The innovative financial mechanisms put in place highlight the importance of gender equality, renewable energy and social responsibility standards in the fund finance industry. Loyens & Loeff, alongside EQT, reaffirms its position to support positive contributions to society of its clients and their investors.

The fund finance team was led by Antoine Fortier Grethen, further assisted by Sarah Ambulante and Gabriel Canesse.

 



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