Louis Dreyfus completes its sustainability-linked RCF program
Louis Dreyfus Company B.V. (LDC) the globally diversified commodity globally diversified commodity, renewed its two US$400 million revolving credit facilities (RCFs) for its EMEA, which incorporates the same sustainability-linked mechanism than its two other regional RCF (North America and Asia). Natixis acted as bookrunner.
The RCF interest rate is linked to LDC’s performance in meeting reduction targets in four areas: CO2 emissions, electricity and energy consumption, water usage, and solid waste sent to landfill. According to the agreement, LDC will benefit from an interest rate margin reduction for every year in which it improves its sustainability performance.