Huhtamäki Oyj, a provider of sustainable packaging solutions, signed a €125 million ($135 million) bilateral term loan facility agreement with OP Corporate Bank. The company will use the term loan for refinancing and general corporate purposes. The facility has a maturity of two years and a one-year extension option at the discretion of the lender. In addition, the facility’s interest margin is tied to three sustainability indicators, including:
- Absolute Scope 1 and Scope 2 greenhouse gas emissions amount
- Share of non-hazardous waste recycled
- Ecovadis rating