Evoqua activates revolver’s sustainability-linked adjustment feature

By Marisa Wong

Los Angeles, Feb. 28 – Evoqua Water Technologies announced it activated the sustainability-linked adjustment feature available under its $350 million revolving credit facility as part of its continued commitment to integrating sustainability performance into its business strategy.

Evoqua initially announced the refinancing of its credit facilities last year. The related credit agreement, executed on April 1, 2021, includes potential interest rate adjustments of 5 basis points, downward or upward, determined annually based on the company’s overall management score as a part of Sustainalytics’ ESG risk rating.

The initial rate reduction will become effective March 1.

The syndicate of lenders was arranged by JPMorgan Chase & Co. and includes BNP Paribas (Bank of the West), Citizens Financial Group, JPMorgan Chase & Co., PNC Financial Services Group, Inc., Bank of Montreal, Credit Suisse Group, Royal Bank of Canada, Goldman Sachs Group, Inc., ING Bank, MUFG Union Bank, with ING Bank as sustainability coordinator.

Evoqua is a Pittsburgh-based provider of mission-critical water and wastewater treatment solutions, offering a portfolio of products, services and expertise to support industrial, municipal and recreational customers.

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