BMO provided a $4 billion sustainability-linked revolving credit facility to Teck that includes terms that adjust the borrowing based on the mining company’s performance in reducing carbon emissions, improving health and safety and strengthening gender diversity in its workforce.
BMO Financial Group financed a deal with a sustainability-linked loan structure for Sandstorm Gold Royalties. The new sustainability-linked, four-year, $350 million revolving credit facility includes terms that reduce or increase the borrowing costs as sustainability performance targets are met or missed.
BMO Capital Markets is establishing a dedicated energy transition group to support clients in their pursuit of opportunities driven by the global economy’s shift in production and consumption of energy. Aaron Engen and Jonathan Hackett will co-head the new group.
BMO Financial Group amended an existing credit facility for Gibson Energy that introduces a margin adjustment incentive mechanism tied to Gibson’s commitment to reduce carbon emissions and increase the representation of women as well as racial and ethnic minority representation in its workforce and on its board.