(CercleFinance.com) – Saint-Gobain announces that it has signed an available credit line of four billion euros maturing in December 2028, including two extension options of one year each, which replaces two available lines of 2.5 and 1.5 billion maturing in December 2024.
The credit line is a ‘Sustainability-Linked Loan’: its margin is indexed on three performance indicators expiring in 2030 in terms of CO2 emissions, non-recycled production waste and accident frequency rate.
The French construction materials group concluded this operation, largely oversubscribed with bank commitments exceeding five billion euros, with a group of 31 banks of 12 nationalities.