SSE Refinances GBP1.3 Billion Credit Line, to Be Measured on ESG Factors
March 29 2019 - 12:28PM
Dow Jones News
By Adam Clark
SSE PLC (SSE.LN) said Friday that it has refinanced its 1.3
billion pound ($1.7 billion) credit line with its existing
lenders.
The FTSE 100 energy supplier said the refinancing extends the
maturity date to March 2024 from July 2022, with an option for a
two-year extension.
SSE also said the credit line includes potential adjustments to
the interest rate and fees paid depending on its performance
against environmental, social and governance factors, as measured
by an independent research agency.
Write to Adam Clark at adam.clark@dowjones.com
(END) Dow Jones Newswires
March 29, 2019 13:13 ET (17:13 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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