07/26/2021 | News release | Distributed by Public on 07/27/2021 04:40
Clifford Chance advises a syndicate of banks on a sustainable financing granted to the Werfen group
Clifford Chance has advised a syndicate of banks on the EUR 250 million sustainable revolving syndicated credit facility granted to the Werfen group.
The syndicated financing is linked to two key performance indicators on sustainability: (i) the increase of renewable energy consumption and (ii) the increase in the number of training hours per employee. CaixaBank and BBVA are acting as sustainability coordinators and agents.
The multinational group owned by the Rubiralta family, leader in in vitro diagnostic systems, customized assays and biomaterials, strengthens its commitment to sustainability with this new credit facility.
The team at Clifford Chance comprised Rodrigo Uría, Ignacio Magariños and Beatriz González.
Clifford Chance has a team that specialises in environmental, social and corporate governance (ESG) standards and the legal advice on this deal reflects our team's commitment to shaping innovative financing structures of this type.