In this edition of In the Know, we look at Environmental, Social and Governance (ESG) standards in Sustainability Linked Lending (in both loans and bonds). We address the ESG margin ratchet, how it interacts with ESG targets and testing strategies, and potential reinvestment obligations arising out of those interest savings, in each case, within the European leveraged finance market.
Ben Wilkinson is a partner in Baker McKenzie's Banking and Finance Practice in London. Ben's experience includes advising investment banks and private credit funds in relation to cross-border acquisition finance transactions, in particular those with complex capital structures. Ben regularly advises lenders, borrowers and financial advisors in connection with the debt financing of acquisitions of public companies. Ben also acts for a variety of lender syndicates, steering committees, sponsors and companies in relation to various restructuring matters.