Freshfields advises banks on €1.5 billion ESG-linked financing for Brenntag
Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) has advised the banks on a €1.5 billion syndicated financing for Brenntag SE (‘Brenntag’). The financing is provided by an international banking syndicate and has a tenor of five years. The credit facility comprises of two facilities, a €1 billion multicurrency facility as well as a $525 million facility. The interest conditions of the credit facility were also linked to the achievement of quantitative ESG criteria.
Freshfields advised the banks on all legal aspects of the financing.
The Freshfields team comprised Partner Mario Hüther, Counsel Alexander Pospisil and Associate Lucas Lengersdorf (all Finance, Frankfurt). Partner Kyle Lakin, Counsel Samantha Braunstein and Associates Nicholas Mack (all Finance, New York) provided support on aspects of US law. Partner Thijs Flokstra and Associates Juliette Willems and Leonie Persant Snoep (all Finance, Amsterdam) advised in relation to Dutch Law.