NKF advises on DKSH’s CHF 315m sustainability credit line
The Zurich-based DKSH has linked an existing CHF 315 million term loan facility to sustainability targets. In this sense, Niederer Kraft Frey has advised ING Bank Singapore Branch, acting as sustainability coordinator, on DKSH’s first ever conversion of an existing CHF 315 million term loan facility into a sustainability-linked loan, tying the interest terms to its ambitious sustainability targets. These targets are consistent with the company’s overall sustainability strategy to increase gender diversity in its senior leadership team and become climate neutral by 2030.
DKSH Holding is a SIX Swiss Exchange listed company specialising in market expansion services to help companies grow their business in new or existing markets. It is deeply rooted in communities all across the Asia-Pacific region and generates annual net sales in excess of CHF 11 billion while employing approx. 33,100 people worldwide.
The NKF team was led by partners Philip Spoerlé (finance, pictured left) and Philippe Weber (capital markets, pictured right), working with associate Selim Lötscher (finance).
