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Allen & Overy advises Deutsche Bank’s EUR120 million, ESG-linked loan agreement with Beontag

Allen & Overy (“A&O”) announced today that it has advised Deutsche Bank as sole lead arranger in a EUR120 million syndicated loan agreement with Tags Lux Sarl., a wholly owned subsidiary of Brazilian-founded Beontag — one of the world’s largest manufacturers of self-adhesives and smart tags. The deal represents the first international capital raise for Beontag.

Through the partnered transaction with Deutsche Bank and several global banks, Beontag intends to use the capital to primarily refinance its existing debt. Excess proceeds will be used to support organic strategic initiatives globally and strengthen liquidity. The agreement also contains incentivized terms linked to Beontag’s 2030 ESG strategy to reduce the industry’s impact on the planet, which aligns with the United Nations Sustainable Development Goals.

“The A&O team is pleased to advise Deutsche Bank in this significant, cross-border transaction that simultaneously enhances financial and sustainability goals,” said Bruno Soares, head of A&O’s São Paulo office and partner in A&O’s global Projects, Energy, Natural Resources and Infrastructure (PENRI) practice. “We look forward to advising similar, international agreements as companies globally seek new and advantageous ways to further their financial success while supporting ESG-linked objectives in material ways.”

São Paulo Partner Bruno Soares led the A&O deal team with support from senior counsel André de Paiva Teixeira and associate David Birch in São Paulo, and associates Eduardo Dettmann Kappel, Kyle Heagney, Jorge Coronel and Caroline Ling in New York. Global assistance was also provided by Partners Stefano Sennhauser in Milan, Adrian Mellor in Paris and Oleg Khomenko in London, as well as senior associate Sabrina Goncalves and associates Eugene Welter in Luxembourg, Reda Boujnini in Paris, Carly Hyland in London, and Alessia Cellucci in Milan.