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Blackstone and M&T Bank to Provide Enstructure with $525 Million Sustainability-Linked Loan Facility

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Blackstone and M&T Bank to Provide Enstructure with $525 Million Sustainability-Linked Loan Facility

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Enstructure LLC, a leading marine terminals and logistics company, announced that Blackstone Credit, through its Sustainable Resources Platform, and M&T Bank have provided a $525 million credit facility to refinance the Company’s existing debt and support its continued growth, including strategic acquisitions and development projects. Enstructure’s credit facility is structured as a sustainability linked loan and ties the Company’s cost of debt to achieving certain ESG targets over the next few years.

“We are thrilled to enter into this strategic partnership with Blackstone Credit. Enstructure is well-positioned for our next phase of growth and development as we continue to provide best-in-class services and solutions for our customers”, said Matthew Satnick and Philippe De Montigny, Co-CEOs of Enstructure.

See related article: Blackstone Charitable Foundation Commits $2 Million To Four Historically Black Colleges and Universities in North Carolina and Maryland

“Enstructure has built a unique infrastructure and logistics platform with an impressive track record. We are excited to begin our long-term partnership with the Company through an investment that supports its strategic growth ambitions”, said Mark Rutledge, Managing Director in the Sustainable Resources Platform at Blackstone Credit.

Evercore Group L.L.C. acted as exclusive financial advisor to Enstructure. King & Spalding LLP served as Blackstone Credit’s legal counsel and Latham & Watkins LLP served as Enstructure’s legal counsel. M&T Bank provided the Company’s revolving credit facility and Alston & Bird LLP served as M&T Bank’s legal counsel.

Source: Blackstone

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