Paper and packaging group Mondi has signed a new 750m five-year revolving credit facility agreement to refinance an agreement due to mature in July 2022.
The RCF incorporates key sustainability targets linked to MAP2030 – Mondi’s Action Plan to meet 2030 sustainability goals and designed to tackle global issues across the value chain with commitments focused on circular-driven packaging and paper solutions, created by empowered people, taking action on climate.
Under the terms of the agreement with 10 banks, the margin will be adjusted according to the group’s performance against specified sustainability targets. It includes an option to extend the RCF by one or two years with each bank’s approval.
