Neste signs a new EUR 1.2 billion Revolving Credit Facility with a margin linked to its greenhouse gas emissions reduction target
Neste Corporation, Press Release, 19 December 2019 at 7 a.m. (EET) Neste has signed a new EUR 1.2 billion multi-currency revolving credit facility ("RCF") with a syndicate of 13 core relationship banks. The new facility refinances the Group's existing EUR 1.5 billion facility dated April 2014, and will be used for general corporate purposes. The facility has a tenor of 5 years with two 1-year extension options. The margin under the RCF will be adjusted based on Neste’s progress to meet its greenhouse gas emission reduction target. As part of its aim to become a global leader in