Brief: Corbion Announces Signature Of 5-Year Revolving Credit Facility

Corbion NV

15/07/2022 09:33

July 15 (Reuters) - Corbion NV  CORB.AS :
    * CORBION LINKS SUSTAINABILITY PERFORMANCE TO INTEREST RATE
OF ITS
NEW EUR 450 MILLION REVOLVING CREDIT FACILITY
    * SIGNED A NEW 5-YEAR SYNDICATED REVOLVING CREDIT FACILITY
("RCF")
WITH AN INTEREST RATE THAT WILL, AMONGST OTHERS, DEPEND ON
COMPANY'S YEAR-ON-YEAR SUSTAINABILITY PERFORMANCE IMPROVEMENT
    * FACILITY HAS A 5-YEAR INITIAL TERMINATION DATE EXTENDING
MATURITY TO  JULY  2027, AND PROVIDES TWO ADDITIONAL 1-YEAR
EXTENSION OPTIONS
    * INTEREST MARGIN GRID REMAINS UNCHANGED COMPARED TO
PREVIOUS RCF
    * INDICATORS ARE LINKED TO CORBION'S KEY SUSTAINABILITY
INITIATIVES FROM ITS ADVANCE 2025 STRATEGY
    * RCF IS PROVIDED BY AN INTERNATIONAL SYNDICATE OF SIX
RELATIONSHIP BANKS

Source text for Eikon:  ID:nGNE43cCXL 
Further company coverage:  CORB.AS 

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