BNP Paribas Closes Sustainability-Linked Syndicated Credit Facility with WSP Global
BNP PARIBAS SPONS ADR (BNPQY)
NASDAQ:AMEX Investor Relations:
invest.bnpparibas.com/en
Company Research
Source: GlobeNewswire
MONTREAL, Feb. 04, 2020 (GLOBE NEWSWIRE) -- BNP Paribas, a premier global banking partner, today announced that it has closed a sustainability-linked syndicated credit facility with WSP Global Inc. (TSX: WSP) ("WSP"), one of the world's leading professional services firms. BNP Paribas served as Sole Sustainability Coordinator, working with WSP to integrate the sustainability targets into its credit facility. The announcement marks WSP as the first professional services firm in the Americas to secure sustainability-linked terms for its syndicated credit facility. WSP signed an amendment to its existing credit facility to include financing terms that reduce or increase the borrowing costs on the lending facility as sustainability targets are met or missed. The amendment introduces an annual pricing adjustment based on the achievement of ambitious targets related to sustainability. With sustainability core to its business strategy, this step reflects WSP's goal to create compelling b
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