Yara the latest to link loan to sustainability

By Mike Turner
16 Jul 2019

Norway’s Yara has signed a $1.1bn-equivalent revolving credit facility, with the fertiliser company swapping its existing bank debt for a sustainability-linked deal.

The multicurrency revolver has a five year maturity with two one year extension options. 

It refinances a deal signed in 2013, except now the margin is linked to how well Yara meets its carbon intensity target.

“If this aligns with a borrower’s goals,” said a banker who worked on the ...

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