Clifford Chance advises on €250 million sustainable financing to the Werfen group

Clifford Chance has advised a syndicate of banks on the €250 million sustainale revolving syndicated credit facility granted to the Werfen group

pjimage 2021 07 27T125923.208The syndicated financing is linked to two key performance indicators on sustainability: The increase of Renewable Energy consumption and the increase in the number of training hours per employee.

CaixaBank and BBVA acted as sustainability coordinators and agents.

The team from Clifford Chance comprised of Rodrigo Uría (pictured left), Ignacio Magariños (pictured centre) and Beatriz González (pictured right).

The multinational Werfen group owned by the Rubiralta family, leader in In vitro diagnostic systems (IVDs), customised assays and biomaterials, strengthens its commitment to sustainability with this new credit facility.

A spokesperson from Clifford Chance said: “Clifford Chance has a team that specialises in Environmental, Social and Corporate Governance (ESG) standards and the Legal advice on this deal reflects our team’s commitment to shaping innovative financing structures of this type.

Michael Heron