Britvic announces first sustainability-linked financing deal

Britvic has agreed its first sustainability-linked credit facility, allowing it to borrow up to £400 million over the next five years whilst linking the margin of the facility to its sustainability goals. The five-year facility, which can be extended by a further two years, was co-ordinated by Rabobank and has been provided by a group of seven lenders. The facility is linked to the progress Britvic makes against three sustainability targets. The better Britvic performs against these targets, the further the margin will reduce. Britvic has committed to reaching these…

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