Huhtamaki takes sustainability loan as single-use plastics outlawed

By Mike Turner
08 Jan 2021

Huhtamaki, the Finnish food packaging company, has refinanced a €400m facility, with the borrower becoming the latest to add sustainability metrics to its main bank line as an EU ban on single-use plastics comes into force.

Huhtamaki’s new facility has a three year maturity with two one year extension options. It refinances a deal of the same size that the company signed in January 2015.

Unlike the deal being refinanced, the new transaction’s margin is linked to how well the company performs on three sustainability ...

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