Prada Signs a $109.2 Million USD Sustainability-Linked Loan

Prada SpA has inked a €90 million EUR (roughly $109.2 million USD) five-year loan with Italian banking group UniCredit tied to sustainability-related key performance indicators: namely, "the regeneration and reconversion of production waste and Prada's ability to increase the share of self-produced energy," according to WWD. Prada will also be able to reduce its interest payment on the loan by meeting other quantifiable targets in its sustainability efforts, as evaluated by an independent thir...