January 30, 2023

AAK signs EUR 400 million sustainability-linked revolving credit facility

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.

Related articles

AAK’s Interim report for the second quarter of 2021

Specialized in plant-based oils that are the value-adding ingredients in many of the products people love to consume, Sweden-based AAK has been making better happen for the last 150 years. AAK’s Interim report for the second quarter 2021 – record-high second quarter despite continued volatility and uncertainty. Report Highlights Total volumes increased by 14 percent,

SEALPAC launches new corporate website

The corporate SEALPAC website (https://www.sealpacinternational.com) has just been completely renewed. Not only its appearance but also its content has been significantly overhauled. As a result, the new website matches the latest technical standards, such as its use on different mobile devices, and addresses all of SEALPAC’s solutions worldwide. As Marcel Veenstra, Marketing & Communications Manager