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Hengeler Mueller advises banks on EUR 3bn ESG-linked financing for SAP | Hengeler Mueller News
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Hengeler Mueller advises banks on EUR 3bn ESG-linked financing for SAP

22 March 2023

SAP SE has signed an ESG-linked EUR 3bn syndicated revolving credit facility with an international consortium of 20 banks. The new facility replaces an existing syndicated loan and has a term of five years with extension options for up to two additional years.

The interest rate is linked to the achievement of annual sustainability performance targets for the CO2 reduction and the female share in management positions. Citibank, Commerzbank, Landesbank Hessen-Thüringen Girozentrale and ING Bank acted as coordinators.

 

Hengeler Mueller for the bank syndicate

Financing: Henning Hilke (partner, lead), Johannes Tieves (partner), Simon Tänzer (associate, all Frankfurt), Mathias Menzel (associate, London),

Tax: Markus Ernst (partner), Tobias Schwab (associate, both Munich).

Contact

  • Henning Hilke
    Partner
    +49 69 17095 712
    henning.hilke@hengeler.com

Media Contact

  • Christian Seidenabel
    +49 69 17095 200
    christian.seidenabel@hengeler.com

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