Konecranes signs EUR 350 million ESG-linked revolving credit facility
Konecranes has signed a EUR 350 million sustainability-linked revolving credit facility with its core relationship banks. The committed credit facility has a tenor of five years with two one-year extension options. The facility refinances the existing EUR 400 million facility signed in December 2017 and will be used for the general corporate purposes of the Group.
The facility has a direct link to Konecranes’ sustainability ambitions, and the interest margin is tied to two KPIs where the first is the CO2 reduction of Konecranes’ own operations and the second is connected to the use of Konecranes’ ecoportfolio.
“The inclusion of sustainability indicators into our financing further demonstrates our commitment to reduce our carbon footprint and strengthens our commitment to climate action,” said Konecranes’ Group Treasurer Tomi Hintikka.
“Konecranes is committed to limiting global warming to 1.5C aligned with the ambition of the Paris Agreement, and recently announced it aims for carbon neutral own operations by 2030,” Hintikka said.
Further information:
Tomi Hintikka, Group Treasurer, Konecranes
Email: tomi.hintikka@konecranes.com or phone: +358 20 427 2042
Further information for investors and analysts:
Kiira Fröberg, Vice President, Investor Relations, Konecranes
Email: kiira.froberg@konecranes.com or phone: +358 20 427 2050
This release can be found on Konecranes.com.
Konecranes is a global leader in material handling solutions, serving a broad range of customers across multiple industries. We consistently set the industry benchmark from everyday improvements to the breakthroughs at moments that matter most, because we know we can always find a safer, more productive and sustainable way. That’s why, with around 16,600 professionals in over 50 countries, Konecranes is trusted every day to lift, handle and move what the world needs. In 2022, Group sales totaled EUR 3.4 billion. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).