Huhtamaki signed a EUR 450 million sustainability-linked syndicated revolving credit facility

Huhtamäki Oyj has signed a EUR 450 million sustainability-linked syndicated multi-currency revolving credit facility loan agreement (“RCF”) with a maturity of five (5) years. The RCF refinances an existing EUR 400 million sustainability-linked syndicated revolving credit facility signed in January 2021 and will be used for general corporate purposes of the Group. The RCF has two one-year extension options at the discretion of the lenders.

The Mandated Lead Arrangers and Bookrunners of the RCF are Citi, Nordea Bank Abp, Skandinaviska Enskilda Banken AB (publ), BNP Paribas, Commerzbank Aktiengesellschaft, Danske Bank A/S, DBS Bank Ltd., London Branch, J.P. Morgan SE, Landesbank Hessen-Thüringen Girozentrale, OP Corporate Bank Plc., Raiffeisen Bank International AG and Standard Chartered Bank AG.
https://www.huhtamaki.com/en/media/media/press-release/2024/huhtamaki-signed-a-eur-450-million-sustainability-linked-syndicated-revolving-credit-facility/

Related Posts

PEFC Training Further Strengthens Assessment Process

Assessors play an important role in PEFC. With PEFC being the only global forest certification system that requires all standards to be independently developed with multi-stakeholder participation, any national forest certification systems that seeks PEFC endorsement is subject to the rigorous PEFC assessment process to ensure their system meets PEFC’s Sustainability Benchmarks. This process, which also includes a sixty day global public consultation as well as a review by the PEFC Panel of Experts, is led by independent, PEFC Registered Assessors. The assessors took a detailed look at the PEFC Sustainability Benchmark requirements, identifying expectations and clarifications for specific requirements in order to reach a better common understanding and a more harmonized and consistent application of the PEFC requirements.

Celebrate Earth Day 2019 with Two Sides

The 22nd of April marks Earth Day – the world’s largest environmental movement. Earth Day is an annual event that takes place globally to demonstrate support for environmental protection. Commenced in 1970, the event’s mission is to diversify, educate and activate the environmental movement worldwide. Here at Two Sides, we are celebrating the event by sharing some positive environmental facts from the world of print and paper and encourage you to join us too. We have plenty of informative resources and shareable content for you to download and share. Use the #EarthDay hashtag in your social media posts to help raise awareness to this global event. We have even got some Twitter friendly videos ready for you to share! Click Read More bellow for additional information.

FSC requirements updated to enforce decision to reject FSC material from Russia and Belarus

Controlled wood (CW) requirements explicitly require an assessment of whether a country’s forest sector is associated with armed violent conflict as listed in Indicator 2.1 of CW category 2 of FSC-PRO-002a: “2.1. The forest sector is not associated with violent armed conflict, including that which threatens national or regional security and/or is linked to military control.“ FSC concluded that a strong association between the forest sector and government exists in Russia and Belarus. Combined with their government’s military action, ‘specified risk’ had to be concluded. FSC further concluded that this risk cannot be mitigated by any other control measure except to altogether avoid source material from these areas. To implement this credibly in the FSC system, shorter timelines were required in addition to providing a mandate for FSC International to make changes to such risk assessments and control measures directly.
Back To Top
×Close search
Search