PZ Cussons said it had agreed a new £325m committed credit facility, provided by a syndicate of lenders.
The credit facility incorporates both a term loan and revolving credit facility (RCF) structure, with maturity dates of up to November 2028, and replaces the existing £325m to expire in a year.
It also includes a pricing structure linked to the company’s new sustainability framework – known as “Better For All” – incorporating environmental, social and governance performance indicators focused on achieving B Corp certification, reduction in virgin plastic packaging and reducing carbon emissions.
Reporting by Frank Prenesti for Sharecast.com
