BMO Financial Group is serving as lead sustainability structuring coordinator for a three-year, $250 million sustainability-linked revolving credit facility for Seaspan, a containership leasing company.
HSBC Bank USA, part of the HSBC Group, will begin offering sustainability-linked loans (SLL) that will enable U.S businesses to tie their borrowing to activities that support sustainability initiatives.
Seaspan, a wholly-owned subsidiary of Atlas Corp, closed its sustainability-linked loan. The SLL will be a $200 million increase to Seaspan’s portfolio financing program, the first of its kind in the containership leasing industry, according to the company.
Citibank acted as sole structuring agent for Atlas, which closed its $285 million senior secured financing on behalf of its wholly owned subsidiary, APR Energy.
Containership lessor Seaspan signed an agreement with the Export-Import Bank of China for up to $1 billion in credit facilities for the purchase and construction of vessels from shipyards in China.