Latham Advises Loxam in Connection With €130 Million Loan From the EIB
Latham & Watkins has advised Loxam, France’s market leader and the fourth-largest global player in equipment and tool leasing, in connection with a €130 million loan from the European Investment Bank (EIB) to support its energy transition.
The funds will enable Loxam to accelerate the electrification and greening of its fleet, continuing and expanding its proactive policy of acquiring low-carbon electric equipment to gradually replace its leasing equipment fleet that uses fossil fuels.
It is the first loan in France to be certified as an EIB Green Loan. It is also one of the very first operations implemented in France under the European Union's new long-term investment financing programme, InvestEU.
The Latham team was led by Paris partner Thomas Margenet-Baudry and finance counsel Etienne Gentil, with capital markets counsel Michael Ettannani and finance associate Hugo Bodkin.