FM Holding Corporate issues a €124,200,000 sustainability-linked Euro PP

CMS Francis Lefebvre advised FM Holding Corporate on the issue of its first sustainability-linked Euro PP.

The bonds were issued for a total amount of €124,200,000 in three tranches, with maturities of 7, 8.5 and 10 years to institutional investors and will allow FM Holding Corporate to finance its general corporate purposes, including the refinancing of part of its existing debt.

The terms of the bonds provide for an adjustment of the interest rate depending on whether FM Holding Corporate achieves its sustainable performance targets in terms of (i) HQE certification of certain of the group's real estate assets, (ii) reduction of its greenhouse gas emissions and (iii) CSR performance.

A family-owned company founded in 1967, FM Holding Corporate is one of the main players in the logistics sector in France and abroad, with a turnover of €1.4 billion. FM Holding Corporate aims to be carbon neutral for its warehousing activities by 2030 and is one of the best employers in its sector.

CMS Francis Lefebvre's team was composed of Marc-Etienne Sébire, partner, and Florie Poisson, associate.

The subscribers of the bonds were advised by Allen & Overy LLP with Julien Sébastien, partner, and Lorraine Miramond and Marion Hebrard-Lemaire, associates.