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Company & Organisation News - 03/04/2019

Vigeo Eiris provides the UK and Ireland’s energy company SSE PLC with its ESG score for a new sustainable facility in the UK

This £ 1.3bn Revolving Credit Facility was signed with a group of ten banks for a new 5 year period, to extend the maturity date from July 2022 to March 2024.

Scottish and Southern Energy (SSE plc) is engaged in the generation, transmission, distribution and supply of electricity. The facility will finance SSE general needs and the interest rate and fees paid of this RCF will directly be linked to the company’s sustainable performance based on Vigeo Eiris’ rating.

This credit transaction follows other operations launched by companies from different sectors (Insurance, Automobile, Utilities, Industrial goods and services, etc). It confirms the development of this new way to directly align the financing cost to the sustainability performance of a company.

 

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Keywords : Revolving credit facility (RCF)