Login
Blackmores converts existing loans to achieve ‘ambitious emissions reduction targets’
Listed Australian health supplements company Blackmores has converted $75 million of existing loan facilities into sustainability-linked loans.
Jerome Doraisamy
Firm: Allens (Blackmores)
Area: Banking and finance
Value: $75 million
Key players: The Allens team was led by partner Nicholas Adkins, who was supported by senior associate Sunny Jong and lawyer Jessica Shao.
Deal significance: Mr Adkins said: “It was fantastic to work with Blackmores and in particular head of group treasury Shaun Egelton to set up its new sustainable finance platform.
“Sustainability finance is a rapidly growing area and Blackmores has had a long-held commitment to sustainability, so it is great to see it take this further step to embed its ESG goals across its business in an ambitious, quantifiable and tangible way.”
Blackmores Group head of treasury Shaun Egelton added: “It was great to have the support of Nick, Sunny and Jessica throughout the refinancing of our bank debt facilities.
“Apart from the advice on the broader facility terms, it was clear from the outset that Nick and the broader Allens team have an in-depth knowledge of sustainability financing. Blackmores was able to leverage off this and set ambitious targets aligned to Blackmores’ overall commitment to sustainability.”
The Lawyers Weekly Jobs Board has had a refresh! To check out the latest opportunities in private practice, in-house and more, click here.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
You can email Jerome at:
