Lassila & Tikanoja plc announced that on 25 March 2022, it has signed a revolving credit facility of EUR 40 million tied to sustainability targets. The revolving credit facility matures in the first quarter of 2025, and the agreement includes a one-year extension option. The agreement was signed with Danske Bank.

The margin on the revolving credit facility takes into account L&T's progress towards achieving its three sustainability targets. The targets are: increasing the carbon handprint, meaning the emission savings generated by L&T's operations in relation to net sales; the scientific emission reduction target, according to which L&T's objective is to halve the carbon emissions from its own operations (scopes 1 and 2) per kilometre driven by 2030, compared to 2018; and improving occupational safety, as measured by the total recordable incident frequency (TRIF). The revolving credit facility also has two financial covenants: the equity ratio and the ratio of net debt to EBITDA.

The revolving credit facility is unsecured. At the same time, Lassila & Tikanoja terminated its current EUR 30 million revolving credit facility, which would have matured in the second quarter of 2023. At present, the company's revolving credit facility is unused.