Clifford Chance

Clifford Chance advises PCP in relation to a Senior Facilities Agreement with The Kingfish Company for an ESG-linked EUR 75 million bilateral loan facility

International law firm Clifford Chance has advised P Capital Partners AB ("PCP") in relation to a Senior Facilities Agreement with The Kingfish Company, a pioneer and leader in sustainable land-based aquaculture, for a five-year ESG-linked EUR 75 million bilateral debt facility.

The debt facility has a variable interest margin ratchet, where the actual interest rate depends on performance relative to the company’s ESG targets. Read more about the debt facility.

PCP provides tailored credit funding solutions to Northern and Western European companies in need of capital for expansion, acquisition financing and refinancing and has been active in funding the sustainability transition of the economy for years.

This transaction builds on Clifford Chance's market-leading expertise in sustainable finance. The Clifford Chance team was led by Jelle Hofland and consisted of Herman Steinvoort and Sophie Riemer.