Suez brings new Covid-19 social revolver structure

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By Mike Turner
31 Jul 2020

Suez, the French utility, signed what it claims to be the first ever social revolving credit facility, using elements of green and sustainability-linked financing to create a new Covid-19 era structure to mitigate some of the financial fallout from the coronavirus pandemic.

The €100m facility due July 2022 will be used only towards refinancing or refinancing eligible social projects that address the impacts of the Covid-19 crisis. The loan comes with two one year extension options.

The facility is similar to a green loan, in that the use of proceeds are ...

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