Borregaard ASA: Long-term sustainability linked credit facility extended
Source: GlobeNewswireBorregaard has today extended the bilateral multicurrency revolving credit facility agreement with DNB Bank ASA. The facility is for general corporate purposes and amounts to NOK 500 million with a tenor of three years.
The margin under the facility is linked to Borregaard’s sustainability targets and can be adjusted based on Borregaard’s progress on three parameters: (i) the Group’s 2030 target of reducing greenhouse gas emissions (ii) reduction of the Group’s total recordable injuries and (iii) keeping emissions of organic compounds to the Glomma river below certain levels.
Sarpsborg, 15 November 2024
Contact:
Director Investor Relations, Knut-Harald Bakke, +47 905 79 164
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
