SDVKY - Sandvik signs SEK 11B sustainability-linked revolving credit facility

Sandvik (OTCPK:SDVKY) has signed a SEK 11B revolving credit facility linked to its sustainability targets, with a group of 14 banks. The facility has a five-year tenor with two one-year extension options, and will be used for general corporate purposes and to refinance the existing SEK 9B credit facility. The new credit facility has a clear link to Sandvik's sustainability targets for 2030 with regards to the ambitions to reduce carbon emissions by 50% and increase waste circularity to 90%.

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Sandvik signs SEK 11B sustainability-linked revolving credit facility