{"id":11152,"date":"2022-12-29T09:38:05","date_gmt":"2022-12-29T09:38:05","guid":{"rendered":"https:\/\/www.findadistributor.com\/news\/?p=11152"},"modified":"2022-12-21T12:41:27","modified_gmt":"2022-12-21T12:41:27","slug":"cargotec-350m-sustainability-credit","status":"publish","type":"post","link":"https:\/\/www.findadistributor.com\/news\/cargotec-350m-sustainability-credit\/","title":{"rendered":"Cargotec $350m Sustainability Credit"},"content":{"rendered":"<p><a href=\"https:\/\/www.findadistributor.com\/item\/cargotec\/\">Cargotec Corporation<\/a> entered into an approx. $350m sustainability-linked revolving credit facility with a syndicate of its seven relationship banks on 21 December 2022.<\/p>\n<ul>\n<li>The facility has a tenor of five years with two one-year extension options.<\/li>\n<li>The purpose of this facility is to refinance the existing $350m revolving credit facility maturing in June 2024.<\/li>\n<\/ul>\n<p style=\"text-align: left;\">With this facility, <a href=\"https:\/\/www.findadistributor.com\/item\/cargotec\/\">Cargotec<\/a> strengthens its long-term liquidity and includes sustainability targets to the facility.<\/p>\n<p>The key performance indicator (KPI) of the facility is directly linked to <a href=\"https:\/\/www.findadistributor.com\/item\/cargotec\/\">Cargotec<\/a>&#8216;s climate-related performance target, which is to reduce CO2 emissions in our value chain by 50% by 2030.<\/p>\n<div id=\"attachment_11153\" style=\"width: 2654px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-11153\" class=\"size-full wp-image-11153\" src=\"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-21-at-12.34.33.png\" alt=\"\" width=\"2644\" height=\"1402\" srcset=\"https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-21-at-12.34.33.png 2644w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-21-at-12.34.33-768x407.png 768w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-21-at-12.34.33-1536x814.png 1536w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-21-at-12.34.33-2048x1086.png 2048w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-21-at-12.34.33-400x212.png 400w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-21-at-12.34.33-440x233.png 440w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-21-at-12.34.33-650x345.png 650w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-21-at-12.34.33-613x325.png 613w, https:\/\/www.findadistributor.com\/news\/wp-content\/uploads\/2022\/12\/Screenshot-2022-12-21-at-12.34.33-717x380.png 717w\" sizes=\"auto, (max-width: 2644px) 100vw, 2644px\" \/><p id=\"caption-attachment-11153\" class=\"wp-caption-text\">Cargotec has entered into an approx. $350m sustainability-linked revolving credit facility.<\/p><\/div>\n<p>\u201cThe inclusion of emission reduction targets into the facility further demonstrates <a href=\"https:\/\/www.findadistributor.com\/item\/cargotec\/\">Cargotec<\/a>&#8216;s commitment to climate action and how sustainability is strongly integrated into our company strategy,\u201d said P\u00e4ivi Koivisto, VP, sustainability at <a href=\"https:\/\/www.findadistributor.com\/item\/cargotec\/\">Cargotec<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cargotec Corporation entered into an approx. $350m sustainability-linked revolving credit facility with a syndicate of its seven relationship banks on 21 December 2022. The facility has a tenor of five years with two one-year extension options. The purpose of this facility is to refinance the existing $350m revolving credit facility maturing in June 2024. With&#8230; <a href=\"https:\/\/www.findadistributor.com\/news\/cargotec-350m-sustainability-credit\/\" class=\"excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":3,"featured_media":11153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[16,10],"tags":[156,157,106,62,489],"class_list":["post-11152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-homepage-featured","category-news","tag-cargotec","tag-logistics","tag-material-handling","tag-supply-chain","tag-sustainability"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cargotec $350m Sustainability Credit - Find A Distributor Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.findadistributor.com\/news\/cargotec-350m-sustainability-credit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cargotec $350m Sustainability Credit - Find A Distributor Blog\" \/>\n<meta property=\"og:description\" content=\"Cargotec Corporation entered into an approx. $350m sustainability-linked revolving credit facility with a syndicate of its seven relationship banks on 21 December 2022. 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