on HORNBACH Holding AG & Co. KGaA (NASDAQ:HBBHF)
HORNBACH Group Integrates Sustainability into Financing
HORNBACH Group has successfully integrated sustainability components into its existing syndicated loan worth EUR 500 million. This move aligns financing costs with the company's ESG targets.
The supplementary agreement links the credit margin to specific ESG key performance indicators (KPIs), focusing on CO2 reduction, product range, and increasing female managers. This step is consistent with HORNBACH's long-term sustainability strategy.
The syndicated loan involves participation from nine banks and will run for up to seven years. Helaba played a key role as the ESG coordinator in structuring this financing component.
According to Karin Dohm, CFO, sustainability is crucial for the long-term success and viability of HORNBACH Group. Tim Austrup of Helaba emphasized the importance of sustainability in customer relations.
R. P.
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