This multicurrency financing is Trabede’s main source of corporate funding and it provides Tradebe with the ability to comfortably fund its general corporate needs together with its future mid-term growth plan, combining organic growth with selective acquisitions.
The facility has been certified as a “GREEN” instrument by Sustainalytics, an independent global provider of environmental, social and governance (ESG) research and ratings. Sustainalytics' review confirmed, under a strict sustainable criteria, that a substantial portion of Tradebe's sources of income (i.e. recycling and energy recovery activities) have a positive environmental impact.
The size and terms finally agreed significantly improve our current funding and provide Tradebe with further flexibility and financial muscle. The loan has been largely oversubscribed which certifies the strong interest and confidence that our financial community has on Tradebe and, more importantly, tells a lot about Tradebe’s current performance, encouraging future and management team.