White & Case Advises Banks on QIAGEN's €400 Million Sustainability-Linked Credit Facility
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Global law firm White & Case LLP has advised Deutsche Bank AG and UniCredit Bank AG as coordinators, and Deutsche Bank Luxembourg S.A. as agent, on the €400 million syndicated revolving credit facility for QIAGEN N.V. with an interest rate linked to the company's environmental, social and governance (ESG) performance.
Margin gains from improved ESG ratings are donated by QIAGEN to sustainability-related causes. The facility replaces its existing facility in the same amount and will be used for general corporate purposes including potential acquisitions. In addition to the two coordinators, nine other banks are part of the syndicate.
Netherland-based holding company QIAGEN N.V. is the world's leading global provider of Sample to Insight solutions, including molecular diagnostics and life sciences. QIAGEN employs more than 5,300 people in more than 35 locations worldwide.
The White & Case team in Hamburg which advised on the transaction was led by local partner Matthias Bochum and included partner Florian Degenhardt and transaction lawyer Ioana Marinescu.
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