By Sabela Ojea

Koninklijke Ahold Delhaize NV said Friday that it has secured a 1 billion-euro ($1.21 billion)sustainability revolving credit facility, which will refinance its existing 2015-dated EUR1 billion facility.

The Amsterdam-listed food retailer said the facility it will help it reduce food wastage as well as carbon emissions, and ensure it maintains its financial flexibility.

"The new facility has a maturity of three years with two one-year extension options," Chief Financial Officer Natalie Knight said.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

December 11, 2020 02:31 ET (07:31 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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