SULO Group refinances its debt with a €410 million sustainability-linked financing.
SULO Group has successfully refinanced its debt with a €410 million sustainability-linked Senior Facilities Agreement. The closing occurred on 11 June 2024.
Key facts
- Closing
- 11 June 2024
- Total
- €410 million, sustainability-linked
- Term Loan B
- €350 million
- Revolving credit facility
- €60 million
- Sustainability KPIs
- CO₂ emissions, health and safety, recycled plastics
The financing consists of a €350 million term loan facility B and a €60 million revolving credit facility, secured by a multi-jurisdictional security package.
The proceeds of the term loan facility B will be used in particular to refinance the existing financial indebtedness. The proceeds of the revolving credit facility will be used to finance or refinance the general corporate and working capital purposes of SULO Group.
Linked to sustainability performance
The margin applicable to the financing will be adjusted according to several key performance indicators, including CO₂ emissions, health and safety, and recycled plastics scores. This links the cost of financing directly to the Group’s sustainability commitments.
Crédit Agricole Corporate and Investment Bank, Société Générale and UniCredit Bank GmbH (formerly UniCredit Bank AG) acted as arrangers and sustainability coordinators. Crédit Agricole Corporate and Investment Bank acted as agent and security agent.
Update February 2025: The term loan facility B, which had been 1.7 times oversubscribed, was successfully repriced, reducing SULO Group’s financing cost by 100 basis points.
March 2025: Latour Capital reaffirms its commitment →Our ESG commitments →
