Klöckner Pentaplast takes ESG margin route for refi loan
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Klöckner Pentaplast takes ESG margin route for refi loan

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Plastics packaging firm Klöckner Pentaplast has included an ESG margin ratchet in the loan leg of its refinancing, which was announced on Monday, a feature set to become increasingly common in European leveraged credit this year. Unlike previous deals with this structure, KP will take this structure to the dollar market, as well as euros.

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