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Borregaard Secures NOK 1.5 Billion in Sustainability-Linked Credit Facilities

1 report, 1 independent Updated Mon 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Borregaard entered into three bilateral multicurrency revolving credit facility agreements with Danske Bank, DNB Bank ASA, and Skandinaviska Enskilda Banken. The facilities total NOK 1,500 million, with each partner providing NOK 500 million. These facilities are linked to sustainability targets concerning greenhouse gas emissions, operational safety, and organic compound discharge.

From manilatimes.net

Why it matters

Some supportBrind's analysis of the reports

The new funding replaces existing revolving credit facilities that were due to mature in 2027. The terms of the facilities are contingent upon Borregaard's progress against specific sustainability goals.

From manilatimes.net

Who's involved

  • BorregaardNorwegian chemical company securing the revolving credit facilities.
  • Danske BankOne of the three partner banks providing NOK 500 million of the total facility.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • BorregaardSpeculative

    Borregaard could secure general corporate funding through the new facilities.

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The entities involved

Coverage

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