Copyright © Inderes 2011 - present. All rights reserved.
Log in to receive notifications.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Press release

Volvo Car AB (publ): Volvo Cars signs two sustainability-linked revolving credit facilities in the total of EUR 2 billion

10.12.2024, 08.00
Volvo Car

Volvo Cars has signed a EUR 1.5 billion sustainability-linked revolving credit facility, refinancing the current EUR 1.3 billion credit facility signed in 2021.The five-year facility with a group of 22 participating banks has two one-year extension options and will serve as a backup facility for general corporate purposes.

In addition, Volvo Cars has signed a EUR 500 million sustainability-linked three-year revolving credit facility with certain Nordic banks. This facility also has two one-year extension options and is for general corporate purposes.

The two new facilities align with Volvo Cars' sustainability strategy by linking the interest rate margin to Volvo Cars' progress in reducing its carbon emissions across the value chain. The facilities also incorporate a performance indicator on reduction of water consumption aligning with Volvo Cars' circular economy ambitions.

These successful transactions underline the participating banks' support for Volvo Cars' sustainability ambitions and their confidence in the company's financial development.

BNP Paribas, Crédit Agricole Corporate and Investment Bank, DNB Bank ASA, Sweden Branch, and SEB acted as coordinators for the EUR 1.5 billion facility, while Crédit Agricole Corporate and Investment Bank acted as sustainability coordinator and Swedbank as agent. The 22 participating banks are well diversified and will form the core relationship bank group for Volvo Cars globally.

 

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team

Privacy preferences

Inderes uses cookies to provide a better user experience and a personalised service. By consenting to the use of cookies, we can develop an even better service and will be able to provide content that is interesting to you.