Stora Enso signs a EUR 700 million revolving credit facility linked to sustainability targets
STORA ENSO OYJ STOCK EXCHANGE RELEASE 1 December 2021 at 14.00 EETStora Enso signs a new EUR 700 million revolving credit facility (RCF) agreement with a syndicate of 12 banks to refinance its existing EUR 600 million facility. The five-year facility has two one-year extension options and will be used as a backup for general corporate purposes. The pricing mechanism of the RCF is linked to Stora Enso’s science-based climate targets. Stora Enso commits to reducing absolute scope 1 and 2[ ]greenhouse gas (GHG) emissions from its own operations, as well as scope 3 GHG emissions from its