Séché Environnement: Issue of an Impact Bond With ESG Criteria to Accelerate Growth in Sustainable Development Markets
24 März 2021 - 5:45PM
Business Wire
Regulatory News:
Séché Environnement (Paris:SCHP) announces the issue of an
impact bond with ESG criteria to accelerate its growth in circular
economy and ecological transition markets.
The success of this issue illustrates the appeal of its
long-term strategy for sustainable finance investors.
Séché Environnement issued a €50 million impact bond with a
maturity of eight years (bullet repayment) under improved rate
conditions, with ESG criteria:
- Energy self-sufficiency rate;
- Actions to promote the protection of biodiversity;
- Changes in accidentology, measured with the TF1 index.
In the event of the favorable evolution of these criteria, which
are measured annually, the nominal interest rate of the issue, of
2.90%, can be revised downward by 20 basis points (0.2%).
The issue is intended to finance the recent acquisition of Spill
Tech in South Africa1 and investments for growth scheduled for
20212.
According to Baptiste Janiaud, Group Chief Financial and
Administrative Officer of Séché Environnement, "the success of our
impact bond issue with ESG criteria to leading sustainable finance
institutions confirms the recognition of the status of Séché
Environnement as a major player in ecological transition and,
particularly, the quality of its social and environmental approach.
The issue provides the Group with new resources to accelerate its
internal and external growth strategy, starting in 2021, in
sustainable development markets in France and internationally".
Next press release
Q1 2021 revenue April 27, 2021 after market
About Séché Environnement
Séché Environnement is the leading player in the recovery and
treatment of all types of waste, including the most complex and
hazardous waste, and in remediation services for the benefit of the
environment and health. Séché Environnement is a family-owned
French industrial group that has supported industrial and regional
ecology for over 35 years with innovative technology developed by
its R&D team. It delivers its unique expertise on the ground in
local regions, with more than 100 sites around the world, including
around 40 industrial sites in France. With 4,600 employees, of
which 2,000 in France, Séché Environnement has revenue of about
€700 million, of which 25% is earned internationally, driven by
internal and external growth momentum via its many acquisitions.
Thanks to its expertise in creating circular economy loops, the
treatment of pollutants and greenhouse gases, and hazard
containment, the Group directly contributes to the protection of
the living world and biodiversity – an area it has actively
supported since its creation.
Séché Environnement has been listed on Eurolist by Euronext
(Compartment B) since November 27, 1997. It is eligible for equity
savings funds dedicated to investing in SMEs and is included in the
CAC Mid&Small, EnterNext Tech 40 and EnterNext PEA-PME 150
indexes. ISIN: FR 0000039139 – Bloomberg: SCHP.FP – Reuters:
CCHE.PA
1 See press release from Monday, January 18, 2021
2 See press release from March 8, 2021
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version on businesswire.com: https://www.businesswire.com/news/home/20210324005494/en/
SÉCHÉ ENVIRONNEMENT
Analyst/Investor Relations Manuel Andersen Director of
Investor Relations m.andersen@groupe-seche.com +33
(0)1 53 21 53 60
Media Relations Constance Descotes Communication Director
c.descotes@groupe-seche.com +33 (0)1 53 21 53 53
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