The deal brings in Banco Bilbao Vizcaya Argentaria (BBVA), Bank of China (Hong Kong) and DBS as mandated lead arrangers, underwriters and bookrunners.
“We are happy to have this New Facility where we can have financial benefits, and at the same time strengthen our commitment to sustainability,” Tan, the chair of Emperador, said in a statement on Tuesday.
Emperador is the world’s largest brandy producer by volume, led by its flagship Emperador Brandy. It also owns premium whisky brands like The Dalmore, Jura, Fettercairn, and Tamnavulin.
Big picture
By linking interest costs to emissions cuts and renewable energy use, Emperador is turning sustainability into a way to lower borrowing costs over time.
Banks reward companies that meet these targets with better pricing, which can reduce financing expenses over the life of the loan.
This also helps the group secure funding from global lenders that now prioritize ESG compliance before extending capital.
Energy-heavy business
Liquor production uses large amounts of electricity and heat, making energy one of the biggest cost drivers in the business.
To manage this, Emperador has been investing in bioenergy facilities, biomass boilers and carbon capture projects across its UK operations.
It has also shifted to renewable electricity contracts and installed solar panels in key sites in the Philippines, Spain and Mexico.
—Edited by Miguel R. Camus
