Maersk secured a new sustainability-linked revolving credit facility of $5.0bn through a syndicate of 26 selected banks. The facility is linked to the company’s CO2 performance. More specifically, the credit margin under the facility will be adjusted based on Maersk’s progress to meet its target of reducing CO2 emissions per cargo moved by 60% by 2030.
The facility refinances the undrawn $5.1bn facility maturing in 2021 and has a tenor of five years which may be extended by up to two years. It...
https://safety4sea.com/maersk-links-5bn-credit-facility-to-better-co2-performance/