Netcompany signs DKK 2.8bn sustainability-linked credit facility
Case News
Plesner has acted for international IT services provider Netcompany in connection with the negotiation of a DKK 2.8bn revolving credit facility with Danske Bank and Nykredit Bank. The credit facility includes a "sustainability-link" ensuring up- or downwards adjustment of the margin depending on whether Netcompany achieves certain ambitious sustainability-linked KPIs.
The KPIs have been selected based on Netcompany's business model and strategic values and measure:
- increase in the share of renewable energy in the energy-mix in Netcompany's latest acquisition, Netcompany-Intrasoft;
- increase in the share of women in leadership positions throughout the group; and
- increase in the share of female employees throughout the group.
Read the press release from Netcompany.
This transaction confirms Plesner's position as a market-leader in legal advice related to the green transition including green and sustainable financial products.
Netcompany was incorporated in 2000 and is headquartered in Copenhagen. In the fall of 2021, Netcompany acquired Intrasoft International (now Netcompany-Intrasoft) thereby adding 2,800 employees. Netcompany today is an international business with more than 6,500 employees working from 17 different countries serving a wide array of customers in their digital transformation journeys in public and private sectors across Europe.