Hogan Lovells has advised Electricité de France S.A. (EDF), the French majority owned state electric utility company, on the introduction of a sustainability pricing mechanism indexing the margin of its €4 billion syndicated revolving credit facility to three of EDF’s environmental, social and governance (ESG) criteria
The ESG-Indexed Credit Facility demonstrates EDF’s commitment to innovate financing solutions by integrating key aspects of its Corporate Social Responsibility Goals that underpin its CAP 2030 strategic plan.
The ESG-Indexed Credit Facility involves a syndicate of more than 20 banks, extending and amending EDF’s existing €4 billion credit facility, to a new maturity in 2023. Crédit Agricole Corporate & Investment Bank is acting as Coordinator and Facility Agent, Natixis is acting as Documentation Agent, and ING Bank and Natixis are acting as Sustainability Coordinators.
The Paris Hogan Lovells team advising EDF was made up of Sharon Lewis (Picture), Reza Mulligan (Counsel) and Marie-Elise Gueble (associate).
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