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News Etex issues Euro800m sustainability linked loan

Etex issues Euro800m sustainability linked loan

Written by Global Insulation staff
09 June 2022
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Belgium: Etex has raised Euro800m through a sustainability-linked medium - long-term unsecured loan. The producer says that the private placement, called a Schuldschein in German finance law, comprises three Euro-denominated tranches with maturities of three, five and seven years, at fixed and floating rates.

CEO Bernard Delvaux said “We are very pleased with this new Schuldschein issuance which we successfully completed in a challenging context. It testifies to a significant appreciation of Etex’s credit quality, of its performance of the last years and it demonstrates the investors’ confidence in the company’s strategy. Moreover, this operation broadens our investors’ base at attractive market conditions, increases the number of maturities and considerably extends the duration of our debt profile.”

Last modified on 09 June 2022
Published in Global Insulation News
Tagged under
  • Belgium
  • Etex
  • Germany
  • finance
  • Loan
  • Sustainability

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