Vigeo Eiris provided the Mexican real estate company Fibra Uno with an independent opinion for a syndicated revolving credit facility linked to sustainability KPIs.
This $1.11 billion 5-year multi-currency revolving credit facility is dedicated to replacing a previous MXN17 billion (about $885 million) line of credit signed in 2015.
It was signed with a group of 11 banks in which BBVA acted as the major sustainable agent.
Vigeo Eiris has been commissioned to provide an independent opinion on one major sustainability indicator:
Electricity intensity for all the company’s managed assets (in kWh consumed divided by square meters occupied).
The Opinion was established according to our ESG exclusive assessment methodology and to the Loan Market Association’s Sustainability Linked Loan Principles (Download PDF).
This credit transaction confirms the development of this new way to directly align the financing cost to the sustainability performance of a company, either using indicators or ESG scores
Vigeo Eiris (V.E) was acquired by Moody’s Corporation in 2019 and officially became a part of Moody’s ESG Solutions Group in 2020. The V.E brand name is now being retired and replaced with Moody’s ESG Solutions. Existing customers: please note that your access to our platforms and data services will continue without interruption. From December 1st 2021, the content pages on the V.E website will no longer be updated. However, content on this website will remain active for archive purposes only. Please visit www.moodys.com/esg-solutions to find our latest product information on ESG data and assessments, Second Party Opinions, Sustainability Ratings, as well as ESG research and insights. Moody’s ESG Solutions is committed to producing superior ESG insights that empower organizations to better understand ESG performance and make better decisions. Please contact us at MESG@moodys.com if you would like to know more.