Oatly’s sustainable loan is real deal, says CFO
Oatly, the Swedish oat milk producer, is taking on debt to finance building two new factories with its first ever syndicated loan, and naturally chose a sustainability-linked instrument, its chief financial officer said. Those hoping for an IPO will have to wait a while longer.
The Skr1.925bn (€184m) club loan was signed on June 12. Rabobank (sustainability coordinator), Nordea (coodinator), BNP Paribas and Svensk Exportkredit provided it.
Most sustainability-linked loans so far have been revolving credit facilities that the company does not intend to draw.The sustainability criteria attached, which typically allow the ...