Allen & Overy advises Vestiaire Collective on a sustainability-linked revolving credit facility

The facility has an initial term of three years, which can be extended by two years. It is the first sustainability-linked financing set up on the French unicorn market.

Following on from the announcement of its positive impact on the climate in November 2022, this RCF confirms Vestiaire Collective’s commitment to sustainability, as it will feature potential interest rate discounts based on performance against key ESG targets, including the reduction of its GHG emissions.

The facility would provide Vestiaire Collective with greater flexibility to continue growing its business in Europe, the US and Asia Pacific, especially following its acquisition of the American marketplace Tradesy in April 2022 and the launch of its operations in South Korea in July 202, and thus accelerate on delivering its mission to transform the fashion industry for a more sustainable future.

The Allen & Overy team in Paris was led by partners Géraldine Lezmi and Thomas Roy, with associate Reda Boujnini.