Skip to main content

Yara signs US$1.1 billion credit facility with margin linked to CO2 targets

Published by
World Fertilizer,


Yara has signed a US$1.1 billion five-year multicurrency revolving credit facility (RCF) with two one-year extension options.

The margin under the Facility will be adjusted based on Yara’s progress to meet its carbon intensity target by 2025, which is to to achieve a 10% reduction in greenhouse gas per tonne of fertilizer produced by 2025.

“Reducing greenhouse gas emission intensity is part of delivering on Yara’s mission of responsibly feeding the world and protecting the planet. By connecting financing to carbon footprint performance, we confirm a clear link between sustainability and profitability,” said Lars Røsæg, CFO of Yara International ASA.

The RCF refinances Yara’s revolving credit facility dated 5 July 2013 and will be available for general corporate purposes. The facility has been signed by a group of 13 international relationship banks.

Read the article online at: https://www.worldfertilizer.com/environment/16072019/yara-signs-us11-billion-credit-facility-with-margin-linked-to-co2-targets/

You might also like

Stamicarbon

WEBINAR - ADVANCE INSIGHT™: Optimizing the future of urea plant operations with digital solutions

In this webinar Stamicarbon talks about how you can bring your urea plant into the 21st century through digital technology with the purpose to improve production efficiency. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Fertilizer project news