(Alliance News) - HICL Infrastructure PLC on Monday said it has renegotiated a GBP400 million revolving credit facility into a sustainability-linked loan.
The facility now has "defined sustainability targets", the infrastructure investment company said.
"The facility links interest charged to HICL's performance in relation to environmental, social and governance matters," HICL added.
It will see a premium or a reduction to its interest based on its performance against ESG targets including reducing emissions as well as waste reduction. The facility has a two-year term and the consortium of lenders includes Sumitomo Mitsui Banking Corp, National Australia Bank and Royal Bank of Scotland International.
Shares in the company were flat at 169.00 pence each in London on Monday morning.
By Eric Cunha; ericcunha@alliancenews.com
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HICL Infrastructure (HICL)