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ALTANA Renews Long-Term Group Financing with First ESG-linked Credit Line

Climate neutrality and occupational safety influence interest rate for the first time.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ALTANA focuses on sustainability: The specialty chemicals company has secured a new revolving credit facility (a credit line with a maximum amount for a defined term) from an international banking consortium. This provides ALTANA with €250 million  over the next five to seven years, which the Group can draw on as needed, for example for growth projects or investments. As an ESG-linked loan, the interest rate depends not only on traditional parameters, but also on the company’s performance regar...

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