Prada doubles down on sustainability linked loan commitments

By Mike Turner
10 Feb 2021

Prada, the Italian fashion house, has made a return to the sustainability-linked loan market, becoming one of the few borrowers in Europe to sign a second deal that links the margin it pays to its sustainability performance.

The facility is a €90m five year loan from UniCredit. It has a margin linked to two key performance indicators.

These measure regeneration and reconversion of production waste and the share of self-produced renewable energy. 

Production waste has been reduced by the company already after “recent investments in the industrial ...

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