We advised a syndicate of seven banks on their EUR 330 million sustainability-linked revolving credit facility for the Cargotec Corporation.
The new facility replaces the existing EUR 300 million revolving credit facility and has a tenor of five years with two one-year extension options. The new facility strengthens Cargotec’s long-term liquidity and includes sustainability targets.
The key performance indicator (KPI) of the facility is directly linked to Cargotec’s climate-related performance target, which is to reduce CO2 emissions in its value chain by 50% by 2030.
Cargotec is a leading provider of cargo and load handling solutions and services.