Thu 04/08/2021 03:19 AM
Transactions with ESG margin ratchets are gathering steam in the European leveraged loan market and are being embraced by borrowers and investors alike. ESG margin ratchets were seen in 40% of European syndicated leveraged loans in 2021 - a significant uptick from 2020 - in a diverse range of sectors. We noted the start of this trend in our
review of the 2020 European leveraged loan market and, as has been reported, ESG margin ratchets have been found in deals from
Stark Group,
Elsan,
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