General Mills has announced it has renewed its five-year $2.7 billion revolving credit facility, which now includes a pricing structure that is tied to environmental impact metrics. General Mills is the first U.S. consumer packaged goods company to put in place a sustainability-linked revolving credit facility. By entering into the revolving credit facility, General Mills receives a pricing adjustment based on its performance against environmental criteria during the credit facility’s term. General Mills will be measured on progress in two key areas: reducing greenhouse gas emissions in owned operations and…
Read MoreGeneral Mills Becomes First U.S. Consumer Packaged Goods Company to Enter Into a Sustainability-Linked Revolving Credit Facility
