Eesti Energia signs €600 million sustainability-linked term loan

By Wendy Van Sickle

Columbus, Ohio, Feb. 15 – Eesti Energia AS signed a sustainability-linked, amortizing €600 million five-year term loan, according to a news release.

The loan has two environmental, social and corporate governance key performance indicators: carbon intensity of scope 1, 2 and 3 emissions and yearly addition of renewable energy capacity.

The purpose of the term loan is primarily to refinance the €500 million bond maturing in September 2023 and to support Eesti Energia's carbon neutrality strategy.

Deutsche Bank acted as initial mandated lead arranger and sustainability coordinator.

Eesti Energia is a utility based in Tallinn, Estonia.

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