Kemira Oyj signs Euro 400 million five-year multicurrency revolving credit facility (“RCF”), with two one-year extension options. The RCF’s margin will increase or decrease dependent on Kemira meeting three sustainability key performance indicators (“KPI”), as the company says in the press release received by Lesprom Network.
SEB and Nordea acted as Coordinating Mandated Lead Arrangers and Bookrunners whilst BNP Paribas, Citi, Commerzbank, Danske Bank, OP Corporate Bank and Swedbank joined as Mandated Lead Arrangers and Bookrunners.
“This is a win-win for Kemira and our financiers. We get access to a discount if we meet all our sustainability targets, and the banks in the long run get a lower risk profile for their investment,” said Petri Castrén, CFO.
Kemira is a global chemicals company.
