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Sappi announces first sustainability-linked financing facility

By:  
Creamer Media Senior Deputy Editor
 
SUSTAINABILITY/FINANCE
JSE-listed woodfibre products and solutions multinational Sappi says its €515-million international revolving credit facility is its first financing facility with sustainability-linked key performance indicators (KPIs) and benefits from the group’s newly developed Sustainable Financing Framework. The recently renewed international revolving credit facility matures in February 2027 and comprises a consortium of eight relationship banks. It was structured with a margin-adjustment mechanism linked to progress in achieving the KPIs, the company adds.
 
 
 
 
 

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