By Marisa Wong
Los Angeles, June 28 – Loomis AB said it has issued a sustainability-linked bond loan to Svensk Exportkredit of SEK 300 million.
The bond loan has a term of four years maturing in June 2026 and a floating interest rate, according to a Tuesday press release.
Proceeds will be used for general corporate purposes.
The bond loan is linked to Loomis’ sustainability-linked financing framework, which was published in November 2021. The bond loan is connected to the outcome of the sustainability target of reducing Loomis’ absolute carbon dioxide emissions by 20% by 2025 compared with the 2019 level.
The cash handling company is based in Stockholm.
| Issuer: | Loomis AB
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| Amount: | SEK 300 million
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| Issue: | Sustainability-linked bond loan
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| Maturity: | June 2026
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| Coupon: | Floating
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| Investor: | Svensk Exportkredit
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| Announcement date: | June 28
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