Foresight Sustainable Forestry Company PLC announced that it has signed a new three year agreement providing a committed Revolving Credit Facility of £30 million and an uncommitted accordion facility of up to an additional £30 million. The RCF has a 3-year tenor and two 1-year extension options. The accordion feature allows the Company to bring debt in line with 30% of Gross Asset Value, as detailed in FSF's Prospectus.

The RCF gives FSF a committed source of flexible funding outside equity raisings. Once drawn, the facility is expected to be paid down periodically by the proceeds of equity issues. This enables FSF to make new investments with certainty of funding and on a timely basis, reducing performance drag associated with holding cash balances.

The interest margin chargeable on the RCF is linked to the Company's Sustainability and ESG ("S & ESG") performance, with FSF incurring a premium or discount to its margin based on its performance against defined targets. These S & ESG targets are: A year-on-year increase in the total number of hectares of land acquired for carbon sequestering activities (including afforestation, peatland restoration and voluntary carbon credit acquisition); A year-on-year increase in the total number of people completing FSF's Forestry Skills Training Programme; Performance against these targets will be measured annually, with the interest cost of the RCF being amended accordingly in the following year.