Mondi Signs New EUR750 Million Sustainability-Linked Facility
June 7, 2021
VIENNA (News release) -- Mondi PLC said that it has signed a new five-year multicurrency revolving credit facility worth 750 million euros ($909.5 million) and linked to certain sustainability targets.
The packaging and paper group said the facility can be extended by one or two years and replaces the company's current EUR750 million facility due to mature in July 2022. The facility qualifies as a sustainability-linked loan as it incorporates sustainability goals relating to circular economy and climate.
Under the terms of the agreement, the margin will be adjusted according to the group's performance against specified sustainability targets, Mondi said.