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Sucden SA is pleased to announce the refinancing of its 420M$ sustainability linked revolving credit facility (RCF), increased to 600M$

This transaction was joined by a total of 24 banks and led by Coöperative Rabobank, ING, Société Générale as bookrunners. Together with Crédit Agricole Group and BPCE Group they were the BMLA, with Société Générale acting as Global Lead Sustainability Coordinator and ING and Coöperative Rabobank as Joint Sustainability Coordinators.

The transaction includes a 500M$ 364-day revolving credit facility extendable twice and an inaugural 100M$ 364-day term loan facility.

Sucden RCF includes a sustainability-linked pricing mechanism, linking the interest rate to three key performance indicators which set ambitious targets in addressing important sustainable cocoa and coffee supply chain matters (child labour, deforestation free sourcing, cocoa scope 3 GHG emissions reduction). An interest rate margin reduction will be granted every time Sucden improves its sustainability performance, after due verification by an independent auditor.