RSK, the environmental, engineering and technical services business, has secured funding from Ares Management Corporation in the largest private credit backed sustainability linked financing deal agreed on the market with £1bn of available debt facilities.

The funding boost will be used to refinance existing credit facilities and invest in existing businesses, form new business lines and fuel the acquisition pipeline.

The new debt facilities include an annual margin review based on the achievement of sustainability targets, which are broadly focused on carbon intensity reduction and continual improvement to health and safety management and ethics.

RSK anticipates interest savings in excess of £500,000 per year and has committed to donate a minimum of half of this margin benefit toward sustainability-related initiatives or charitable causes.

In addition to the £1bn of available debt facilities, the landmark financing package also includes a £40m revolving credit facility with NatWest Bank.

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