First ever green equity bridge financing transaction with ICAWOOD
Natixis has closed the first ever green equity bridge financing with ICAWOOD, a fund dedicated to developing new-generation, low-carbon offices in the Greater Paris region.
The transaction, which amounts to €100m, complies with the Loan Market Association’s 2018 Green Loan Principles. It will allow guarantees and letters of credit to be issued whilst also ensuring the sound management of working capital requirements and capital calls with investors.
The deal highlights Natixis’ ability to innovate in the field of fund financing and demonstrates its commitment to using this expertise to help its clients achieve their environmental goals.