Velvet CARE sp. z o.o.’s EUR 21.5 Million Sustainability-Linked Loan

Linklaters has advised BNP Paribas Bank Polska S.A. on the deal.

BNP Paribas Bank Polska S.A. provided a EUR 21.5m sustainability-linked loan granted to Velvet CARE sp. z o.o., a leading producer of hygiene products. 

Sustainability-linked loan is a form of financing that includes additional commitments of the borrower towards environmental, social and governance (ESG) targets. In this financing, the lenders, together with Velvet CARE, have developed four ESG goals focused on reduction of water consumption, decrease of packaging weight, certification of raw materials and work safety. These are key areas in the company’s operations.

The transaction was led by senior associate Maciej Checinski, supported by senior associate Piotr Hurkala and junior associate Marcin Woloszyn from Warsaw banking and finance practice. Adrian Horne (Picture – counsel) supervised the transaction.

Involved fees earner: Maciej Ch?ci?ski – Linklaters; Adrian Horne – Linklaters; Piotr Hurkala – Linklaters;

Law Firms: Linklaters;

Clients: BNP Paribas Bank Polska S.A.;

Giulia Di Palma

Author: Giulia Di Palma