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GC Asia
JDE Peet’s and Rewe Group tie loans to sustainability KPIs
JDE Peet’s, the Dutch coffee and tea company, and German retail and travel cooperative Rewe Group became the latest European borrowers to move their bank lines to be priced off sustainability-linked metrics, linking the margin on a combined €3.25bn of debt to ESG KPIs.
JDE Peet’s signed the larger of the two deals. The borrower signed a €1bn term loan and €1.5bn revolving credit facility from 25 lenders.
BNP Paribas and ING were sustainability coordinators on the trade, which was signed against JDE Peet’s “comprehensive” sustainability framework, according to Cecile Moitry, co-head of ...Already a subscriber? Login
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