AstraZeneca gets a new CFO and sees positive results from its cancer drug, Smurfit Kappa cements its leading position in Latin America, Mondi refinances its debt to link to its sustainability goals, Petropavlovsk’s partner faces regulatory problems, and Baltic Classifieds Group plots a London IPO.
Mondi has signed a new EUR 750 million five-year revolving multicurrency credit facility agreement (RCF) to refinance the existing EUR 750 million facility that was due to mature in July 2022. In addition, it includes an option to extend the RCF by one or two years with each bank s approval.
The RCF incorporates key sustainability targets linked to MAP2030 (Mondi’s Action Plan to meet its ambitious 2030 sustainability goals), classifying the facility as a Sustainability Linked Loan.
MAP2030 is designed to tackle global issues across the value chain with commitments focused on three action areas: circular-driven packaging and paper solutions, created by empowered people, acting on climate. All areas are aligned with the UN Sustainable Development goals as part of Mondi’s focus on being sustainable by design.
Packaging giant Mondi has signed a new €750m revolving multicurrency credit facility agreement (RCF) that will be adjusted based on the company s performance against its sustainability strategy that is aligned to the Sustainable Development G.
Zara Dobson and her young family’s four-month wait to move into their Kiwibuild home comes down to a survey plan and a solicitor, Land Information New Zealand says.