Volvo Cars signs EUR 1.3 billion sustainability-linked revolving credit facility
Volvo Cars has signed a EUR 1.3 billion sustainability-linked revolving credit facility, renewing an undrawn EUR 1.3 billion credit facility signed in 2017. The successful transaction underlines the growing confidence in the company’s financial and operational transformation.
The renewed facility has a clear link to Volvo Cars’ sustainability plans: as a sign of its ambition to become a climate neutral company by 2040, interest rate margins for the facility are linked to Volvo Cars’ progress in reducing its carbon emissions.
Jan 14, 2021 at 08:13