Maersk signs sustainable loan amid rating agency virus warnings
Denmark's Maersk has signed a $5bn sustainability-linked revolving credit facility, as Moody's warns that the shipping company is at particular risk in its sector from fallout of the Covid-19 coronavirus
Maersk's new facility has a five year maturity with two one year extension options. It will likely remain undrawn as it makes up part of the company's liquidity reserve.It refinances a $5.1bn revolver. It's the first time Maersk has refinanced its bank debt since it shifted its business ...
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