Hengeler Mueller advises Metro on ESG-linked EUR 1bn syndicated loan with increase and extension option

Metro AG, a leading international food wholesale company, has signed a EUR 1bn syndicated revolving facility jointly arranged by DZ Bank and ING Bank. The facility has a term of five years with two extension options for an additional year each and includes an increase option for additional EUR 200m. The new financing is linked to the ESG-rating of the company to be provided by sustainability rating platform Sustainalytics.

Hengeler Mueller advised Metro on the financing. The team was led by partner Daniela Böning and included associates Jennifer Klein and Mathias Menzel (all Financing, Frankfurt).