Mizuho Bank-led syndicate provides US$590 million sustainability linked revolving credit facility and amends and restates US$455 million sustainability linked revolving credit facility to Louis Dreyfus Company Suisse SA
Client(s) Mizuho Bank, Ltd.
Jones Day advised (i) a syndicate of 50 financial institutions, led by Mizuho Bank, Ltd., Paris Branch (with Rabobank as the facility agent), in connection with a new US$590 million sustainability linked revolving credit facility and (ii) in parallel, a syndicate of over 35 financial institutions in connection with the amendment and restatement of an existing US$455 million sustainability linked revolving credit facility, to Louis Dreyfus Company Suisse SA. The new facility deal was significantly oversubscribed and increased on syndication by US$190 million.
The two deals signed on November 30, 2023 and December 1, 2023 respectively and both facilities incorporate sustainability-linked reporting and evaluation mechanisms and consequential interest rate adjustment mechanisms.
Both facilities are guaranteed by Louis Dreyfus Company B.V.
Louis Dreyfus Company B.V. is a leading merchant and processor of agricultural goods, making up about 10% of the world's agricultural product trade flows. Jones Day has acted on their European syndicated bank financings on an annual basis since 2019.
