Borregaard ASA: Long-term sustainability linked credit facility extended
November 15 2024 - 8:18AM
UK Regulatory
Borregaard ASA: Long-term sustainability linked credit facility
extended
Borregaard 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.
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