NKF advises DKSH on Sustainability-Linked Credit Facility

Niederer Kraft Frey (‘NKF’) has provided legal counsel to Australia and New Zealand Banking Group Limited and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, in their roles as sustainability coordinator and agent, respectively. This assistance was in relation to DKSH’s transformation of an existing CHF 150 million revolving credit facility into a sustainability-linked loan, aligning the interest terms with the company’s ambitious sustainability objectives. These objectives are in line with DKSH’s broader sustainability strategy, which includes enhancing gender diversity in its senior leadership team and achieving climate neutrality (Scope 1+2) by 2030. Notably, this marks DKSH’s second credit facility sustainability linkage in 2023. 

DKSH Holding Ltd., a publicly traded company on the SIX Swiss Exchange, specializes in market expansion services designed to assist businesses in expanding into new or existing markets. With its headquarters in Zurich, Switzerland, DKSH is deeply embedded in communities across the Asia-Pacific region, boasting annual net sales exceeding CHF 11 billion and a global workforce of around 33,100 individuals. 

The NKF team was led by partner Philip Spoerlé working with associate Selim Lötscher and junior associate Carlotta Ulmer (all M&A/Finance) and further comprised Markus Kronauer (Tax).