Triton secures €1.455bn ESG-linked fund facility

Triton has secured its first ESG-linked loan for Triton V, in a deal led by RBS International.

Of the total €1.455bn syndicated facility, RBSI provided €322.5m. Four other lenders participated in the loan. 

Established in 2018, Triton V raised €5.2bn, with a focus on investing in European industrials, business services, consumer and health businesses. The fresh debt provided to the fund will be used to speed up the delivery of Triton’s sustainability objectives across its portfolio companies.

Triton expects to replicate the structure of this ESG-linked facility across its other funds, with ESG actions and targets to align with the Paris greenhouse gas emissions protocol; implement an ESG programme; implement bi-annual ESG board reviews; and implement water and waste management programmes.

Paul Rogan, senior director at RBSI said: “RBS International has built a strong relationship with Triton and we are pleased to continue supporting them in ensuring responsible investment now and in the future. Triton aims to build better businesses and views ESG as a critical element to this goal, a purpose we share. It’s great to see the rapid growth and popularity of ESG-linked sustainable finance facilities.”

Peder Prahl, CEO & managing partner at Triton said: “We are excited to be working with RBS International in growing our ESG credentials with the facility marking an important milestone in our sustainability journey. Their extensive experience in sustainable financing has been incredibly valuable with the team supporting our ambition to improve ESG practices at portfolio companies as part of their long term growth.”