Slaughter and May advised John Wood Group plc on the first ever green transition loan backed by UK Export Finance

Slaughter and May advised John Wood Group plc (“Wood”) on its USD 600,000,000 facilities agreement supported by an 80% Transition Export Development Guarantee from UK Export Finance (“UKEF”). The transaction was the first ever green transition loan backed by the UK government and provides Wood with the financial resources to enhance its clean growth plans. Under the agreement Wood commits to increasing its clean growth portfolio and significantly reducing its greenhouse gas emissions over the five-year tenure of the facility. 

Further information about the transaction can be found here.