Egis linked the margin of the financing to environmental KPIs, reinforcing the group’s commitment to achieving carbon neutrality by 2050.
BNP, CACIB, Mizuho, Natixis and SocGen lead the financing. Natixis and First Abu Dhabi Bank acted as Sustainability Coordinators, with CACIB serving as Agent.
Egis, a global leader in architecture, consultancy, engineering and mobility services, is pleased to announce the successful procurement of a sustainability linked loan amounting to 830 million euros (USD 888 MM). This milestone reflects Egis's steadfast commitment to integrating sustainability into its core operations and financial strategies, as well as dedication to reducing carbon emissions and achieving carbon neutrality by 2050. The proceeds will be used to refinanced existing facilities with an extended maturity and provide additional financing resources for the Group to pursue its successful M&A bolt-on strategy.
Egis, of which Tikehau Capital is the main shareholder through its T2 Energy Transition fund, is at the forefront of the transition to a low-carbon economy, designing and operating sustainable infrastructure and buildings that mitigate and adapt to climate change and preserve ecosystems. This sustainability linked loan is a testament to Egis's dedication to achieving measurable sustainability goals.
The facility is specifically linked to three key performance indicators (KPIs) outlined in Egis’s comprehensive Sustainability-Linked Financing Framework. These KPIs have been rigorously validated through a Second Party Opinion provided by ISS, certifying their alignment with the Loan Market Association (LMA) principles, as well as their materiality and strategic relevance to Egis's operations.
The selected KPIs underpinning the sustainability linked loan focus on reducing the GHG emissions, eco-designed projects, and employees training. These metrics not only underscore Egis's dedication to sustainability but also serve as benchmarks for measuring its progress towards a more resilient and environmentally conscious future.
Egis’ Sustainability Finance framework, validated through a Second Party Opinion from ISS, reaffirms its commitment to transparency and accountability. Integrating sustainable practices into their financing strategy not only mitigates risk but also drives innovation and enhances stakeholder value.
The Sustainability-Linked Loan was concluded with Egis' banking partners: BNP Paribas, Crédit Agricole CIB, Natixis, Mizuho and Société Générale as Mandated Lead Arrangers and Bookrunners; Banque Européenne du Crédit Mutuel, Banque Palatine, Bank of America, Bred, Caisse d'Epargne IDF, First Abu Dhabi Bank, HSBC, La Banque Postale and JP Morgan as Mandated Lead Arrangers. Natixis also acted as Sustainability Lead Coordinator and First Abu Dhabi Bank as Sustainability Co-Coordinator. De Pardieu Brocca Maffei acted as legal counsel to the banks, while Sekri Valentin Zerrouk acted as legal advisor to Egis.
