AAK AB (publ.) has signed a EUR 400 million sustainability-linked revolving credit facility, renewing an undrawn EUR 400 million credit facility, signed in 2014 and amended in 2018.
The renewed facility will be closely linked to a number of AAK’s sustainability targets, among them the company’s commitment to a 100 percent deforestation- and conversion-free palm supply chain by 2025.
“The sustainability-linked facility is completely in line with our corporate purpose, Making Better Happen™, as well as our three focus areas within sustainability – Better Sourcing, Better Operations and Better Solutions”, says Tomas Bergendahl, AAK’s Chief Financial Officer. “It also clearly emphasizes the financial community’s support for our sustainability agenda.”
The five-year facility has two one-year extension options and will serve as a facility for general corporate purposes.
Mandated lead arrangers for the revolving credit facility are Citi, Danske Bank, Mizuho Bank, Nykredit Bank, and SEB, with Danske Bank acting as sustainability coordinator.
