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Social revolvers are the feelgood hit of the summer; more firms should get involved

covid_AdobeStock_575x375_17June20

Canny loans bankers have devised a social revolving credit facility structure that links a portion of a borrower’s debt directly to Covid-19 era relief spending. It’s a structure that won’t take the markets by storm on what is likely the eve of global recession but ESG-minded investors should still push hard for the companies they own to consider this new type of funding.

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