The renewed facility will be closely linked to a number of AAK's sustainability targets, among them the company's commitment to a 100 percent deforestation- and conversion-free palm supply chain by 2025.
"The sustainability-linked facility is completely in line with our corporate purpose, Making Better Happen™, as well as our three focus areas within sustainability - Better Sourcing, Better Operations and Better Solutions", says
The five-year facility has two one-year extension options and will serve as a facility for general corporate purposes.
Mandated lead arrangers for the revolving credit facility are Citi,
For more information, please contact:
Chief Financial Officer Group Treasurer
Mobile: +46 733 76 30 00 Mobile: +46 733 35 82 54
E-mail: tomas.bergendahl@aak.com E-mail: marianne.persson@aak.com
This information was submitted for publication at
About AAK
Everything AAK does is about Making Better Happen™. We specialize in plant-based oils that are the value-adding ingredients in many of the products people love to consume. We make these products better tasting, healthier, and more sustainable. At the heart of AAK's offer is Customer Co-Development, combining our desire to understand what better means for each customer, with the unique flexibility of our production assets, and a deep knowledge of many products and industries, including Chocolate & Confectionery, Bakery, Dairy, Plant-based Foods, Special Nutrition, Foodservice and Personal Care. Our 3,900 employees support our close collaboration with customers through 25 regional sales offices, 15 dedicated Customer Innovation Centers, and with the support of more than 20 production facilities. Listed on Nasdaq Stockholm and with our headquarters in Malmö,
https://news.cision.com/aak-ab/r/aak-signs-eur-400-million-sustainability-linked-revolving-credit-facility,c3369397
https://mb.cision.com/Main/871/3369397/1433377.pdf
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