9th November 2023: 9fin, a leading provider of data, news and predictive analysis for debt capital markets, has today
announced a partnership with the European Leveraged Finance Association (ELFA).
The partnership aims to bring together lenders and borrowers to:
• Help facilitate reporting by borrowers by increasing their understanding of market standards, investor expectations, peer
group performance, regulatory requirements and good practices.
• 9fin will collect, organise and centralise ESG data in markets where sourcing this data has proven difficult.
• Make lender requirements known as 9fin develops tools to help lenders meet regulation, such as the SFDR, and ESG
objectives.
Jack David, Head of ESG at 9fin, commented: “We recognise that access to timely, trustworthy and transparent ESG data for
leverage finance and private markets is the most immediate and difficult challenge facing lenders wanting to fulfil regulatory
requirements, client mandates and ESG objectives. That’s why we are putting together a working group to facilitate meeting
these goals.”
Sabrina Fox, CEO of ELFA commented: “We are excited to welcome 9fin to our Partner Programme and look forward to
working closely together to improve the quality and accuracy of ESG data in the leveraged finance market. A key mission of
ELFA is to increase transparency, and to that end we seek to support borrowers in improving their ESG disclosure to provide
investors with the information they need to make informed investment decisions. Better ESG data collection is central to our
mission.”
The European Leveraged Finance Association (ELFA) is pleased to announce the appointment of Irem Sukan, Marios Halloumis and Glenn Oliver Anderson as the new Co-Chairs of the ESG Committee. Irem, Marios and Glenn will take over from Tina De Baere, Oliver Newman and Lily Baik following their decisions to step down.
The European Leveraged Finance Association (ELFA) has published a summary of industry roundtables, held in response to its recent Open Letter (“Taking Stock of Market Standards on Disclosure, Process, and Engagement in the European Leveraged Finance Market”) which highlighted persistent concerns around limited disclosure, overly compressed deal timelines, and increasingly restrictive transferability terms, all of which are undermining efficiency and resilience in Europe’s leveraged finance market.
The European Leveraged Finance Association (ELFA), in collaboration with global law firm Akin, has today published the second issue in its Transferability Series, focusing on the evolving use of whitelists in leveraged finance documentation.
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