Homburger advised Implenia
Homburger advised Implenia in an amendment and restatement of its multicurrency revolving credit facilities agreement with a syndicate of banks consisting of UBS Switzerland AG, Credit Suisse (Switzerland) AG, Zürcher Kantonalbank and Raiffeisen Schweiz Genossenschaft as mandated lead arrangers, UBS Switzerland AG as agent and a consortium of eighteen Swiss banks as lenders.
In 2018, Implenia took a pioneering role by linking its credit conditions to an ESG rating of Sustainalitics. In connection with Implenia’s accelerated and sharpened execution of its business strategy and its initiative «Implenia Way Forward», the credit facilities agreement has been amended.
This was facilitated by the fact that over the last three years Implenia managed to increase its ESG scoring to excellent 79 points. Therefore, Implenia not only improved its credit conditions, it also substantially contributed to an increase of sustainability in the construction market. Furthermore, in connection with this amendment, LIBOR was successfully replaced with SARON as new reference rate.