Coats adds ESG to bank debt as KPIs remain in focus

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By Mike Turner
21 Apr 2021

Coats, the UK industrial thread producer, has signed a $360m loan, adding environmental, social and governance metrics to its bank debt for the first time.

The borrower has signed a three year deal with two one year extension options. 

Coats has linked the margin on its facility to three key performance indicators: reducing energy intensity, transitioning to recycled raw materials, and employee engagement with external reviewer Great Place To Work, which certifies companies on employee satisfaction.

Bank of Ireland, Citi, ...

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