9th Sep 2021 10:43
Unite Group PLC - Bristol-based student accommodation developer - Agrees a GBP450 million sustainability-linked unsecured revolving credit facility. The facility has an initial term of three and a half years, which can be extended by a further two years, subject to lender consent. The RCF was signed with HSBC Holdings PLC, NatWest Group PLC and Royal Bank of Canada.
The RCF incorporates sustainability-linked performance targets including one tied to a reduction in carbon emissions and another aiming to make buildings more energy-efficient.
"Our first sustainability-linked loan is a significant milestone for our sustainability strategy. We have clear objectives to become a net zero carbon business by 2030, while delivering a positive social impact through our work with our employees, students and local communities," says Chief Financial Officer Joe Lister.
Current stock price: 1,182.00 pence
Year-to-date change: up 13%
By Will Paige; [email protected]
Copyright 2021 Alliance News Limited. All Rights Reserved.
Related Shares:
HSBC HoldingsUniteNatwest