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Latham Advises Mobivia on €380 Million Sustainability-Linked Loan
July 2, 2024
Paris team represents European automotive leader on its first line of credit linked to sustainable development commitments.
Latham & Watkins has advised Mobivia, a European leader in automotive maintenance, repair, and equipment, on the signing of its first line of credit linked to sustainable development commitments (Sustainability-Linked Loan), for €380 million.
The financial conditions are indexed to the company’s CSR performance criteria in the three areas: the reduction of direct and indirect CO2 emissions and participation in the decarbonization of activities; the development of the share of repackaged turnover; and the diversity of its governing bodies.
The Latham team was led by Paris counsel Etienne Gentil, with associates Virginie Terzic and Bruna Neiva Cardante.