De Pardieu Brocas Maffei has advised Groupe Gorgé, a high-tech industrial group listed on Euronext Paris and specialised in 3D printing, drones, engineering and protection systems, on the setting-up of its first sustainability-linked corporate credit, for a total amount of €145 million, with the group’s banking partners and some long-term debt investors.
It comprises a confirmed portion of €120 million with an average maturity of 5 years and an unconfirmed portion of €25 million dedicated to external growth.
The margin grid depends on the achievement of certain ESG objectives, measured by indicators that will be defined in partnership with the lenders in 2021. These criteria will be in line with the group’s ESG strategy, which is continuously pursuing its efforts in the three areas of environment, social and governance.
The syndicate is composed of BNP Paribas (mandated arranger, coordinator, agent and lender), LCL (mandated arranger, ESG financial advisor and lender), BRED (arranger and lender) and CIC (arranger and lender).
These additional loans will enable the group to seize new opportunities to strengthen its position in its existing activities.