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