Brief: Deceuninck Concludes EUR 120 Mln Sustainability Linked Loan Facility

Deceuninck NV

07/12/2022 16:53

Dec 7 (Reuters) - DECEUNINCK NV  DECB.BR :
    * NEW 120M€ SUSTAINABILITY LINKED LOAN FACILITY
    * ANNOUNCES TODAY IT HAS CONCLUDED A NEW SUSTAINABILITY
LINKED
REVOLVING CREDIT FACILITY WITH KBC BANK NV FOR AN AMOUNT OF EUR
120.000.000
    * THIS CREDIT FACILITY HAS A TENOR OF 5 YEARS WITH TWO
EXTENSION
OPTIONS OF ONE YEAR AND WILL BE USED FOR GENERAL CORPORATE
PURPOSES INCLUDING THE REFINANCING OF CERTAIN EXISTING DEBT AND
FURTHER INVESTMENTS IN SUSTAINABILITY
    * NEW CREDIT FACILITY WILL ENABLE DECEUNINCK TO MAKE THE
INVESTMENTS REQUIRED TO REALIZE THESE TARGETS AND TO CONTINUE TO
POSITION ITSELF AS A LEADER IN REDUCING CO2-EMISSIONS GLOBALLY
    * SECURING THE 120M€ OF FUNDING FOR THE COMING FIVE YEARS
WILL
ALLOW US TO ACCELERATE OUR INVESTMENTS IN SUSTAINABILITY-CEO

Further company coverage:  DECB.BR 
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