Verbund switches to ESG revolver

Spie
By Mike Turner
19 Dec 2018

Austria’s Verbund has joined the ESG-linked revolving credit facility fray, with the electricity company signing what leads say is the first such deal in the country.

Verbund signed a €500m revolver with two one year extension options for a deal with a margin linked to environmental, social and governance (ESG) metrics.

Société Générale and UniCredit were bookrunners and co-ordinators on the facility, with UniCredit also taking documentation and facility agent roles.

Barclays, Bank of America, Commerzbank, ...

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