Kersia extends ESG commitment through sustainability-linked hedge for sustainability-linked leveraged loan
Kersia has furthered its commitment to enhancing its environmental, social and governance (ESG) credentials by hedging the interest rate exposure of its existing sustainability-linked loan through a derivatives hedge. The price of the hedge is contingent upon the achievement of the same key performance indicators (KPIs) outlined at the time of the Company's acquisitiob by IK Investment Partners.
Kersia is a global leader in food safety, providing value-added solutions that prevent animal and human contamination at all stages of the food chain. The group also offers differentiated niche solutions to the human health sector. Kersia operates in more than 120 countries with a workforce of more than 1,850 people and turnover of more than €385 million.
BNP Paribas is a leading bank in Europe with an international reach. It operates in 68 countries and has more than 193,000 employees, including nearly 148,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
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