(AOF) – Accor announced the conclusion of an agreement with a consortium of 13 banks relating to the establishment of a new revolving credit line of 1 billion euros. This new five-year credit line comes with two one-year extension options, exercisable in 2024 and 2025, and replaces the undrawn credit line of 1.2 billion euros concluded in June 2018. The group hotelier emphasizes that this involves strengthening and extending the average maturity of its liquidity.
Accor specifies that the calculation of the margin is based in part on 3 performance criteria in environmental, social and governance (ESG) matters. The first is the reduction of greenhouse gas emissions within Scope 1 & 2, in line with the group’s commitment to reducing its carbon footprint in accordance with the Paris Agreement. The other two are the fight against food waste and the promotion of gender diversity.
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