Declassification
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Treasury - funding - green loans - use of proceeds - Sustainability-Linked Loan Principles (SLLP).
In the context of green and ESG finance, declassification means a change in the status of a loan agreement, such that it ceases to be labelled as - for example - a sustainability linked loan (SLL).
- Declassification of SLLs - consequences
- "The consequences of declassification are:
- (1) The margin adjustment mechanism and each Sustainability Provision cease to apply; and
- (2) No future publicity of the Facilities as sustainability-linked is permitted."
- A borrower's guide to sustainability-linked loan terms - ACT - Slaughter and May - August 2023 - p55.
See also
- Facility
- Green bond
- Green finance
- Loan agreement
- Margin
- Provision
- Sustainability linked loan (SLL)
- Sustainability
- Sustainability bond
- Sustainability Bond Guidelines
- Sustainability-Linked Loan Principles (SLLP)
- Sustainability performance target
- Sustainable finance
- Use of proceeds bond
