Moncler finds fit for €400m sustainability-linked loan
Moncler, the Italian ski jacket maker, has signed a sustainability-linked revolving credit facility for up to €400m, continuing the trend towards more environmentally friendly practices from the infamously wasteful fashion industry.
The facility has a three year maturity with two one year extension options. Banca Imi was global coordinator and sustainability coordinator.
Moncler’s margin is linked to it hitting environmental impact reduction targets.The facility is a big step up in amount borrowed for the fashion industry’s foray into sustainability-linked loans. ...