Sustainability - linked finance
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Norsk Hydro: Hydro signs new USD 1,600 million and USD 800 million sustainability-linked revolving credit facilities
Globenewswire· 2025-11-18 17:30
Core Points - Norsk Hydro ASA has signed two revolving multi-currency credit facilities totaling USD 2,400 million, with the margin linked to the company's greenhouse gas emission targets [1][2] - The refinancing replaces previous undrawn credit facilities and provides immediate liquidity options [1] - The CFO of Hydro emphasized the importance of sustainability in the financing structure, reflecting the company's commitment to its climate roadmap towards 2030 [3] Financial Details - The new credit facilities consist of a USD 1,600 million and a USD 800 million revolving credit line [1] - The margin of these facilities will be adjusted based on Hydro's annual CO2 emissions reduction targets [2] Transaction Participants - DNB Carnegie, ING, and SEB acted as the coordinating Mandated Lead Arrangers and Bookrunners for the transaction [4] - Other participating banks include BNP Paribas, Citi, Crédit Agricole, Danske Bank, Goldman Sachs, Handelsbanken, J.P. Morgan, and Nordea [4] - DNB serves as the Facility Agent and Documentation Agent, while ING and SEB are designated as Joint Sustainability Coordinators [4]