International law firm Herbert Smith Freehills advised Indigo Group, a global player in parking and urban mobility, on the signing of a €300 million multi-currency sustainability linked revolving credit line with an extended maturity until July 2027 (with two additional one-year extension options subject to bank approval). This new line replaces the existing €300 million multi-currency revolving credit line that was due to expire in October 2023.
As part of the sustainability linked credit, Indigo Group has defined two KPIs – the reduction of Scopes 1 & 2 carbon emissions and the cumulative electrical power installed in electric vehicle charging points – which are part of its CSR and ESG strategy carried out for several years and placed at the heart of its “Go for Climate” plan. ». Concrete actions to reduce its energy consumption have already been implemented, such as the replacement of old-generation lighting in car parks with LED lighting, as well as the use of green electricity.
The new line was granted by Banco Santander, BNP Paribas, Caisse d’Epargne Ile-deFrance, HSBC Continental Europe, LCL and Natwest Markets. Banco Santander acts as credit officer and LCL as ESG coordinator and ESG agent.
With this refinancing, Indigo Group continues to secure its financial policy, actively manage its debt and improve its liquidity profile.
Herbert Smith Freehills advised Indigo Group with a team led by Louis de Longeaux, partner, assisted by Rossana Braz Duarte and Sophie Lesdos, associates.
