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Mirakl introduces a sustainability agreement to the €100m Revolving Credit Facility signed in 2023

- September 25, 2024
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Paris/Boston, September 26th 2024 - Mirakl today announced it has signed an agreement to add sustainability linked KPIs to the €100M Revolving Credit Facility (RCF) signed in August 2023. Mirakl is one of the first scale-ups to adopt sustainability-linked debt financing, reflecting its dedication to integrating sustainability into its operations and financial strategies. 

The facility is specifically tied to three key performance indicators (KPIs), including environmental metrics, aligning with Mirakl's commitment to reduce scope 1 and 2 emissions by 30% by 2027. These KPIs are aligned with the Sustainability-Linked Loan Principles published by the Loan Market Association. The facility margin will be adjusted up to +/- 5 basis points based on the achievement of the specified KPIs.

This amendment will not change the original purpose of the loan facility, which is to finance Mirakl's growth through investments in technology and strategic acquisitions.

Marie Best, Group CFO of Mirakl said: "By integrating sustainability-linked metrics into our €100m Revolving Credit Facility, we are underscoring Mirakl's commitment to sustainable growth. Adjusting the facility margin based on our achievement of key performance indicators ensures that our financial strategies are closely tied to our sustainability ambitions”. 

Hugo Weber, VP Corporate Affairs & Impact: “This ESG amendment is a testament to Mirakl's commitment to a comprehensive impact strategy. We are already making good progress, for example sourcing energy from renewables, and by tying our key performance indicators to significant ESG goals, we are driving meaningful impact to our environmental footprint. This approach ensures that our business growth is both responsible and aligned with our long-term vision for a sustainable future, including our goal to reduce scope 1 and 2 emissions by 30% by 2027.”

This RCF was obtained from a pool of five lenders : BNP Paribas, HSBC Continental Europe, J.P. Morgan, Natixis and Société Générale who took part in setting up this syndicated loan and acted as mandated arrangers and bookrunners. HSBC Continental Europe acted as the ESG Coordinator for the bank pool.

About Mirakl 

Mirakl is the global leader in platform business innovation. Mirakl's suite of solutions provides enterprises with a transformative way to drive significant growth and efficiency in their online business.

Since 2012, Mirakl has been pioneering the platform economy, empowering retail and b2b enterprises with the most advanced, secure and scalable technology to digitize and expand product assortment through marketplace and dropship, improve efficiency in supplier catalog management and payments, personalize shopping experiences, and boost profits through retail media.

Mirakl is trusted by 450+ industry-leading businesses worldwide including Macy’s, Decathlon, Kroger, Airbus, Toyota Material Handling and Sonepar. For more information: www.mirakl.com

Press contact 

Louise Melis - Public Relations EMEA, Mirakl

louise.melis@mirakl.com

(+33)7 72 50 29 50