Finance
SUEZ announces the successful signing of an innovative €100 million social revolving credit facility dedicated to the financing of actions to fight effects of Covid-19
SUEZ is the first corporate globally to put in place a syndicated social credit facility for an amount of €100 million and a tenor of 2 years until July 2022 with two one-year extension options. Amounts borrowed under the facility will be solely applied towards financing or refinancing eligible social projects that address impacts of the Covid-19 crisis.
This innovative facility is illustrative of SUEZ Sustainable Development Roadmap and an evidence of the Group’s local anchoring strategy with all its stakeholders. As stated in its Purpose, SUEZ is a committed partner to local communities, industry players and citizens.
The Group’s long-standing sustainability approach has been distinguished by key non-financial rating agencies such as RobecoSAM, Vigeo Eiris, Sustainalytics and EcoVadis. SUEZ ranks in the DJSI World Index and was awarded in H1 2020 the Ecovadis Platinum certificate attributed to the top 1% best performing companies of its category.
SUEZ intends to use this facility for the benefit of among others:
• Charitable foundations committed to deliver solidarity actions including the Fondation SUEZ,
• Its employees who have remained on the front line during the lockdown and beyond,
• Families or corporates, customers or suppliers, and more generally any individual who has been most affected by the negative effect of Covid-19 and the lockdown of the economy,
• Appropriate medical research.
The facility was structured and fully underwritten by UniCredit alongside BNP Paribas, CA-CIB, NatWest and Santander who joined as Mandated Lead Arrangers.
Funds can reach any country in which SUEZ operates, starting with geographies consistent with the Group European cradle and these financial partners’ footprint including France, Germany, Italy, Spain and the United-Kingdom.
The Group’s long-standing sustainability approach has been distinguished by key non-financial rating agencies such as RobecoSAM, Vigeo Eiris, Sustainalytics and EcoVadis. SUEZ ranks in the DJSI World Index and was awarded in H1 2020 the Ecovadis Platinum certificate attributed to the top 1% best performing companies of its category.
SUEZ intends to use this facility for the benefit of among others:
• Charitable foundations committed to deliver solidarity actions including the Fondation SUEZ,
• Its employees who have remained on the front line during the lockdown and beyond,
• Families or corporates, customers or suppliers, and more generally any individual who has been most affected by the negative effect of Covid-19 and the lockdown of the economy,
• Appropriate medical research.
The facility was structured and fully underwritten by UniCredit alongside BNP Paribas, CA-CIB, NatWest and Santander who joined as Mandated Lead Arrangers.
Funds can reach any country in which SUEZ operates, starting with geographies consistent with the Group European cradle and these financial partners’ footprint including France, Germany, Italy, Spain and the United-Kingdom.
This transaction once again demonstrates SUEZ commitment to play an active role in its communities around the world. The current time requires solidarity and specific support. Proceeds of this innovative €100m financing will contribute to mitigate Covid-19 impacts by providing liquidity to those who most need it at a time when extraordinary circumstances are putting pressure on stakeholders in our ecosystem.
Julian Waldron , Group SEVP - Finance
Contacts
Analysts / Investors: Mathilde Rodié, Cécile Combeau
+33 1 58 81 24 05