Tag: WFW

WFW advises RMI and leading banks pro bono on developing Pegasus Principles

Stuart Mitchell

Watson Farley & Williams (“WFW”) is delighted to have acted as sole legal advisor on a pro bono basis to RMI and a working group of banks, comprising BNP Paribas, Citi, Crédit Agricole CIB, Societe Generale and Standard Chartered (the “Working Group”), on the development and launch of the Pegasus Principles, a first-of-its-kind framework enabling banks to independently measure and disclose their aviation lending portfolios’ emissions. WFW has been advising RMI and the banks on the principles since their early development. The Pegasus Principles represent the first climate-aligned finance framework…

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WFW advises Navigator on ‘women in leadership’ linked loan

Stuart Mitchell

Watson Farley & Williams (“WFW”) has advised Navigator Holdings (“Navigator”) on a US$200m loan agreed with a syndicate of lenders, led by ABN AMRO Bank and Nordea and including SEB and BNPP, for the financing of ten vessels. Highlighting the ever-increasing importance of the sector’s focus on achieving its ESG goals, the loan agreement notably included a sustainability-linked margin adjustment with not only a KPI linked to fleet environmental criteria, but a second KPI linked to the number of women in leadership roles at Navigator, one of the first KPIs…

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WFW advising RMI and leading banks on development of aviation climate-aligned finance framework

Stuart Mitchell

Watson Farley & Williams (“WFW”) is advising RMI and a group of leading banks on the development of a climate-aligned finance (“CAF”) framework to support decarbonisation in the aviation sector. The lenders involved include Bank of America, BNP Paribas, Citibank, Crédit Agricole CIB, Société Générale and Standard Chartered Bank who are partnering with RMI’s Centre for Climate-Aligned Finance as part of an Aviation Climate-Aligned Finance Working Group (the “Working Group”) to create the CAF framework. The CAF framework represents a commitment by participating financial institutions to annually assess and disclose,…

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