corporate finance

The unitranche facility also requires the company to obtain an annual carbon emissions assessment with a third party expert.

Travers Smith lawyers George Weavil and Carys Clipper describe a new type of sustainability-linked ratchet that could accelerate ESG improvements at the asset level.

BlackRock’s Lucy Dale shares five factors in how the asset manager determines ESG risks in its loan underwriting process for infrastructure assets.

When it comes to ESG in private credit, the spirit is willing, but there is a lack of cohesion in both expectations and approaches, write Debevoise lawyers John Young and Sophie Michalski.

Aviva is deploying £1bn in loans to transition existing real estate.

Apollo-owned bank OLB lends €24.5m to PE firm Bluegem’s portfolio company Dr. Vranjes.

The Swedish government employees’ retirement fund, Kåpan Pensioner, is among the backers.

The litigation finance specialist will link loans' margin ratchets to law firms taking pro bono work, working on ESG cases and excluding ESG-adverse cases.

Panellists at PERE’s Debt & Financing Forum said linking debt pricing to pre-agreed sustainability targets can encourage borrowers to stick to business plans.

Are new-fangled margin ratchets the best way to motivate good ESG behaviour among issuers? Some panellists at Private Debt Investor's Virtual Forum 2021 had their doubts.