Slaughter and May advised John Wood Group plc on its $1,200,000,000 sustainability-linked revolving credit facility

Slaughter and May advised John Wood Group plc (“Wood plc”) on its new $1,200,000,000 sustainability-linked unsecured revolving credit facility with 16 relationship banks. The facility has a five-year tenor and contains a sustainability-linked margin ratchet based on performance against two sustainability KPIs. The first KPI is tied to growing revenue related to energy transition and sustainable infrastructure business, and the second KPI is tied to reductions in scope 1 and 2 carbon emissions.