Guess? unit gets €250 million sustainability-linked revolver

By Wendy Van Sickle

Columbus, Ohio, May 9 – Guess?, Inc. entered into a €250 million revolving credit facility through its wholly-owned Swiss subsidiary, Guess Europe Sagl, according to a news release.

The facility has an initial term of five years, with an option to extend the maturity date by up to two years and an option to expand the facility by up to €100 million, subject to some conditions.

The new facility replaced certain short-term borrowing arrangements with various banks totaling €120 million.

The interest rate for the new facility will be subject to an annual adjustment based on the achievement of specific sustainability goals aimed at reducing greenhouse gas emissions, increasing the use of sustainably sourced materials and increasing the penetration of eco-friendly products.

Guess? is a Los Angeles-based designer, marketer and distributor of casual apparel and accessories.

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