BBVA advises Wood on a $1.2 billion sustainable financing

BBVA has acted as the sole sustainability coordinator for Wood, the  UK-headquartered global engineering and consulting firm, in a new syndicated sustainability linked financing facility involving sixteen financial institutions. The $1.2 billion facility is the second sustainability-linked loan (SLL) arranged by Wood.

Wood has refinanced its main revolving credit facility in the amount of US$1.2 billion by linking it to two key sustainable indicators for its business: the cumulative percentage growth in the Group's energy transition and sustainable infrastructure business, and the cumulative percentage reduction in the Group's carbon emissions.