Mercon brews sustainability loan

coffee beans px230 for gc
By Mike Turner
14 May 2019

Dutch firm Mercon Coffee Group has signed a $450m sustainability-linked revolving credit facility. The lead bank claimed the deal was the first of a kind.

Rabobank led the two year financing and was sustainability structuring agent. ING and BNP Paribas joined as sustainability coordinators.

The deal is the first sustainability-linked revolver for commodity trading in the US, and the only coffee-specific sustainability facility globally, according to Rabobank.

The margin on ...

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