Sustainable lending breaks new ground as WSP signs
Canadian professional services firm WSP Global has signed a sustainability-linked syndicated loan, as the lending structure that allows a proxy green financing for revolving credit facilities pushes into new sectors.
The facility is an amendment on a $1.2bn four year loan. WSP said it is the first professional services firm in the Americas to add sustainability-linked terms to its syndicated facility.The new facility has three metrics attached to decide whether the company has improved on a sustainability ...
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