Allen & Overy advises the banks on the implementation of a EUR4 billion sustainability linked revolving credit facility for Saint-Gobain

The pool of lenders included 31 bank groups from 12 different countries. The credit facility is a Sustainability-Linked Loan (SLL), its margin being indexed to 3 performance indicators (reduction of CO2 emissions, reduction of non-recovered production waste and controlling the frequency rate for workplace accidents).

Saint-Gobain is the worldwide leader in light and sustainable construction. Saint-Gobain designs, manufactures and distributes materials and services for the construction and industrial markets. Its integrated solutions for the renovation of public and private buildings, lights constructions and the decarbonization of construction and industry are developed through a continuous innovation process and provide sustainability and performance.

The A&O team was composed of partner Thomas Roy and associate Antoine Duez on financing aspects and partner Mathieu Vignon and associate Virginie Chatté on tax aspects.