Borregaard latest Norwegian to sign sustainability loan

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By Mike Turner
09 Jul 2020

Borregaard, the Norwegian paper and chemicals company, has signed sustainability-linked credit facilities totalling Nkr1.5bn (€140m), days after Klaveness brought the loan structure to Norway’s shipping industry.

Borregaard signed the deal as three bilateral lines, with DNB, Handelsbanken and SEB providing Nk500m each. The facilities can be drawn down in multiple currencies. They have maturities of three and five years, with two one year extension options. 

The margin on each facility is linked to how well ...

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