Ahold Delhaize announces €1 billion Sustainability-Linked Revolving Credit Facility
11 Décembre 2020 - 8:00AM
Ahold Delhaize announces €1 billion Sustainability-Linked Revolving
Credit Facility
Zaandam, the Netherlands, December 11,
2020 – Ahold Delhaize today announces that
it has successfully closed a €1 billion, Sustainability-linked
Revolving Credit Facility (the ‘Facility’), refinancing its
existing 2015-dated €1 billion facility. The
Facility is an important milestone that highlights how
Ahold Delhaize is reinforcing
the alignment of its funding strategy and its commitments
laid out in its Healthy & Sustainable ambition, which can
be found here
Through this Facility, Ahold
Delhaize draws a connection between its cost
of borrowing and the achievement of the following
ambitions:
- Food waste reduction: as measured by percentage
reduction in tons of food waste per million Euro food
sales and supporting the UN SDG 12.3;
- Carbon emission reduction: as measured by
percentage reduction of Scope 1 and Scope 2 CO2-equivalent
emissions and aligned with Ahold Delhaize SBTi-certified
2030 targets;
- Promotion of healthier eating: as measured by
percentage of own brand food sales from healthy
products.
Ahold Delhaize will report on the
progress on these ambitions in the company’s annual
report.
Natalie Knight, Chief Financial
Officer, said: “This is an important facility for Ahold Delhaize
that ensures we maintain our financial flexibility. After
having issued the first euro-denominated
Sustainability Bond in the Retail industry in June 2019,
we believe that linking this facility with our
significant Healthy &
Sustainable ambition will deliver a positive
outcome for all stakeholders.”
The new Facility has a
maturity of three years with two one-year
extension options. The Facility also includes a mechanism
allowing the company to anticipate the discontinuation of
the US dollar interbank benchmark interest rate. A
syndicate of 16 relationship banks participate
in the Facility.
ABN AMRO
and Société Générale acted as Coordinators and
Sustainability Coordinators on the Facility.
Cautionary notice This
communication includes forward-looking statements. All statements
other than statements of historical facts may be forward-looking
statements. Words such as reinforcing, alignment, strategy,
commitments, ambition(s), reduction, promotion, progress, ensures,
maintain, believe, deliver, outcome, maturity, options, anticipate,
discontinuation or other similar words or expressions are typically
used to identify forward-looking statements.
Forward-looking statements are subject
to risks, uncertainties and other factors that are difficult to
predict and that may cause actual results
of Koninklijke Ahold Delhaize N.V. (the “Company”) to
differ materially from future results expressed or implied by such
forward-looking statements. Such factors include, but are not
limited to, the risk factors set forth in the Company’s public
filings and other disclosures. Forward-looking statements reflect
the current views of the Company’s management and assumptions based
on information currently available to the Company’s management.
Forward-looking statements speak only as of the date they
are made and the Company does not assume any obligation
to update such statements, except as required by law.
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