Fasadgruppen Group AB’s Two Sustainability-Linked Loan Facility Agreements

Gernandt & Danielsson advised Fasadgruppen Group AB.

Fasadgruppen Group AB entered into new loan facility agreements in an amount of SEK 880 and 350 million respectively, with Skandinaviska Enskilda Banken AB (publ) och AB Svensk Exportkredit (publ).

The agreements are linked to specific sustainability key performance indicators (KPI), where fulfilment of certain pre-defined sustainability performance targets results in positive alterations of the interest rate on annual basis. The sustainability KPIs regard the group’s GHG emissions in relation to net sales, as well as a reduction of work-related incidents in relation to net sales. The loan facility agreements have been established in accordance with the Sustainability-Linked Loan Principles published by APLMA, LMA and LSTA.

Fasadgruppen Group AB (publ) is the Nordic region’s largest full-service provider of sustainable façades and offers energy efficient and sustainable services, such as façade work, windows, balconies and rooftops, to the Nordic market The main customers include property owners, construction companies, property managers, consultants, housing cooperatives as well as state bodies and municipalities.

The Gernandt & Danielsson team consisted of Partner Sofie Viktorsson (Picture) and Associate Camilla Hedner.

Involved fees earner: Camilla Hedner – Gernandt & Danielsson Advokatbyrå KB; Sofie Viktorsson – Gernandt & Danielsson Advokatbyrå KB;

Law Firms: Gernandt & Danielsson Advokatbyrå KB;

Clients: Fasadgruppen Group AB;

Author: Federica Tiefenthaler