- Reflects shared commitment to sustainable future and carbon neutrality
The amendment to the existing credit facilities will allow Maple Leaf Foods to reduce the interest rate on the lending facility if it meets targets on electricity use, water use, solid waste and continuing to reduce its carbon emissions in line with its achievement of net carbon neutrality.
BMO is the Sole Bookrunner on the existing credit facilities and will additionally act as a Sustainability Structuring Agent – working with Maple Leaf Foods to establish its targets. The credit facilities consist of an unsecured committed revolving line of credit and two unsecured committed term facilities totaling
"Providing this facility represents a new way that we can strengthen our Purpose to Boldly Grow the Good in business and life and our commitment to working with clients as they build upon the sustainability of their operations," said
In June, BMO committed to mobilizing
About
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $852 billion as of October 31, 2019, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking,
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