Hempel Links Credit Facilities to Sustainability Targets
LYNGBY, Denmark — Hempel A/S has successfully amended the company’s credit facilities, linking borrowing costs to four sustainability targets. The company announced amendments of its €1 billion Revolving Credit Facility and its €500 million Term Loan. From 2022, borrowing costs will be linked to Hempel’s sustainability targets.
To help drive efforts to meet Hempel’s ambitious sustainability targets, the facility’s interest margin will be adjusted up or down, based on the company’s ability to meet its four sustainability goals. Hempel’s KPIs linked to its loan agreements are: