Trowers & Hamlins has advised The Guinness Partnership on the deal.
The transaction involved a £50,000,000 sustainability-linked loan facility with Sumitomo Mitsui Banking Corporation as lender and ‘Sustainable Loan Coordinator.
It is The Guinness Partnership’s first sustainability-linked loan facility, providing for a reduction in the margin and commitment fee where in any financial year it achieves a certain target score for the number of apprentices employed by the group.
A growing number of housing associations are putting further emphasis on their ESG credentials in order to tap new funding opportunities, including Guinness, which is an early adopter of The Sustainability Reporting Standard for Social Housing (formally launched in November 2020).
The Trowers & Hamlins team included Partner Eleanor James (Picture) and Jasna Djurisic, senior associate in the Trowers banking and finance team.
Law Firms: Trowers & Hamlins;
Clients: Guinness Partnership Ltd;