Tag: revolving credit facility

Mondi signs €750 million revolving credit facility linked to its 2030 sustainable development goals

Stuart Mitchell

Mondi has signed a new €750 million 5-year revolving multicurrency credit facility agreement (‘RCF’) to refinance the existing €750 million facility that was due to mature in July 2022. It includes an option to extend the RCF by one or two years with each bank’s approval. The RCF incorporates key sustainability targets linked to MAP2030 (Mondi’s Action Plan to meet its ambitious 2030 sustainability goals), classifying the facility as a Sustainability Linked Loan. MAP2030 is designed to tackle global issues across the value chain with commitments focused on three action…

Read More

Kingfisher signs new £550m revolving credit facility linked to Responsible Business targets

Stuart Mitchell

Kingfisher plc, the international home improvement retailer whose businesses include B&Q and Screwfix, announces today that it has entered into a £550m three-year revolving credit facility agreement with a group of its relationship banks. The facility is linked to ambitious sustainability and community-based targets. Kingfisher has a long heritage as a responsible business. We were a founding member of the Forest Stewardship Council when it was established nearly 30 years ago to help the responsible sourcing of wood. We were also the first retailer to label and cut VOCs (volatile…

Read More

Vattenfall signs EUR 2 billion revolving credit facility with link to sustainability performance

Stuart Mitchell

On 5 November, Vattenfall AB signed a sustainability-linked multicurrency revolving credit facility of EUR 2 billion. The new credit facility replaces Vattenfall’s existing and undrawn EUR 2 billion revolving credit facility signed in 2014. The new facility, which is available for general corporate purposes, carries a three-year tenor with two one-year extension options. It is a committed bank loan facility that allows Vattenfall to borrow funds at short notice if needed. The margin is linked to Vattenfall´s CO2e emissions intensity target. Vattenfall’s 2030 CO2e emissions intensity target covers Scope 1…

Read More