Pandora adds sustainability gem to bank debt

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By Mike Turner
29 Apr 2021

Pandora, the Danish jewellery maker, has signed a €950m sustainability-linked loan and in the process become the latest company to repay, early, coronavirus pandemic crisis funding taken out last year.

Pandora’s revolving credit facility has a five year maturity with two one year extension options. It refinances an undrawn facility that was due to mature in May 2022.

Nordea was sustainability co-ordinator on the deal and was joined at the same level by Danske Bank. BNP Paribas, SEB ...

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