Ares Management said that its European Direct Lending strategy provided a £1 billion ($1.4 billion) debt facility to the RSK Group, which is U.K.’s largest privately owned multidisciplinary environmental business.
Officials said that the transaction marks the largest private credit-backed sustainability linked financing to date and will be used to refinance RSK’s existing credit facilities in addition to supporting the company’s growth. RSK supports its global client base across diversified sectors, from energy to water, to conduct business in a sustainable, safe and environmentally responsible manner through comprehensive, solutions-led services . . .
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