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On April 15, 2021, General Mills, a leading global food company,
announced that it had closed the first-ever
sustainability-linked loan (SLL) facility for a US consumer
packaged goods company.
The $2.7 billion five-year multi-currency revolving credit
facility (RCF) was arranged by Bank of America (which acts as
administrative agent) and syndicated to a significant number of
banks and other lenders.
The RCF was filed with the US Securities and Exchange
Commission and includes a matrix that will adjust the applicable
interest rate and fees under the RCF based on General Mills