South32 refinances for $1.4 billion sustainability-linked loan

By Rebecca Melvin

Concord, N.H., Dec. 15 – South32 Ltd. announced it has refinanced an existing multicurrency revolving credit facility to obtain a $1.4 billion sustainability-linked loan, according to a company release.

The newly identified revolver has a five-year term to 2026 with options to extend for up to a further two years by mutual agreement with lenders.

The green facility has measures linked to its ongoing commitment to emissions reduction and improving energy and water use efficiency. It complements the company’s sustainability approach, which is aligned with the International Council on Mining and Metals mining principles and informed by the United Nations sustainable development goals.

Based in Perth, Australia, the mining and metals company has operations in Australia, Southern Africa and South America.

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