As climate risk rises up the corporate agenda, so does consideration of the financing implications. Dechert keeps organizations informed as they consider adapting their business models and ways of working in response to new technologies and customer needs. Issuers, underwriters and investors are putting greater focus on the economic impact of ESG, including leveraging our understanding of the evolving legal mandates to anticipate the changing markets.
Dechert’s advice to our clients around the world related to sustainable financings is based on our extensive knowledge of the structuring of green bonds, formation of sustainable investment products and executing transactions involving credit facilities as well as social impact investments. We work closely with many innovative institutional lenders, including representing Freddie Mac with respect to its impact bond series as part of Freddie Mac’s K-Deal program and Green Advantage® program.
Dechert attorneys think about the new opportunities for our clients, who view ESG as a critical part of the current economic environment and a path to better investment performance. As our clients pivot into new areas, Dechert offers insight into corporate transactions, structured finance, real estate loans, tax reform and cash flow changes from the new cost of energy efficiency compliance or increased raw material costs. We also help organizations evaluate ESG in credit generally – anticipating how individual investors and institutional firms will balance ESG stipulations.
Representative Experience
- Crédit Agricole CIB in connection with the financing of The Student Hotel's acquisition of two new turnkey development and renovation projects located in Paris and Toulouse, for a total of approximately €88 million.
- Crédit Agricole CIB financed all projects through an innovative "ESG" (Environmental, Social Governance) financing structure combining the characteristics of a green loan and sustainable financing.
- Taurus Corporate Financing LLP, as third-party originator/retention holder, in connection with the EUR€360 million Bosphorus VI CLO transaction, an ESG-compliant transaction, which was issued by Bosphorus VI CLO DAC and managed by Commerzbank AG, London branch, in a first-time partnership with Deutsche Bank.
- Freddie Mac, as mortgage loan seller, in connection with a US$317 million securitization of Tax-Exempt Loans (TELs) made by state or local housing agencies and secured by affordable rental housing.
- Freddie Mac, as mortgage loan seller, in connection with a US$652 million securitization of mortgage loans and multifamily properties securing green, social and/or sustainability bonds.
- Freddie Mac, as mortgage loan seller, in connection with a US$386 million securitization of mortgage loans and multifamily properties securing green, social and/or sustainability bonds.
- Freddie Mac, as mortgage loan seller, in connection with a US$633 million securitization and multifamily properties securing green, social and/or sustainability bonds.
- Freddie Mac, as mortgage loan seller, in connection with a US$392 million securitization of mortgage loans and multifamily properties securing green, social and/or sustainability bonds.
- Freddie Mac, as mortgage loan seller, in connection with the first securitization of sustainability focused mortgage loans and multifamily properties securing green, social and/or sustainability bonds.
- Freddie Mac, as mortgage loan seller, in connection with a US$594 million securitization of mortgage loans and multifamily properties securing green, social and/or sustainability bonds.
- Freddie Mac, as mortgage loan seller, in connection a US$644 million securitization of mortgage loans and multifamily properties securing green, social and/or sustainability bonds.
Dechert’s advice to our clients around the world related to sustainable financings is based on our extensive knowledge of the structuring of green bonds, formation of sustainable investment products and executing transactions involving credit facilities as well as social impact investments. We work closely with many innovative institutional lenders, including representing Freddie Mac with respect to its impact bond series as part of Freddie Mac’s K-Deal program and Green Advantage® program.
Dechert attorneys think about the new opportunities for our clients, who view ESG as a critical part of the current economic environment and a path to better investment performance. As our clients pivot into new areas, Dechert offers insight into corporate transactions, structured finance, real estate loans, tax reform and cash flow changes from the new cost of energy efficiency compliance or increased raw material costs. We also help organizations evaluate ESG in credit generally – anticipating how individual investors and institutional firms will balance ESG stipulations.
