Envision Energy has secured a USD 600 million equivalent sustainability-linked syndicated term loan in Hong Kong, marking its largest non-project syndicated loan in the international offshore credit market.
The 1+2 year facility was oversubscribed from an initial USD 500 million and included a USD 100 million greenshoe option with participation from 13 banks. Banco Bilbao Vizcaya Argentaria and Crédit Agricole Corporate and Investment Bank acted as sustainability structuring coordinators, mandated lead arrangers, bookrunners and underwriters. The borrowing terms are linked to the achievement of specified sustainability performance targets.