Samuel secures first sustainability-linked revolving credit facility

By William Gullotti

Buffalo, N.Y., Nov. 23 – Samuel, Son & Co., Ltd. announced it entered into its first sustainability-linked revolving credit facility agreement, according to a press release on Tuesday.

According to the release, the new revolver is the result of an amendment to the company’s existing bank credit facility.

The arrangement will tie the facility’s interest costs to the company’s environmental sustainability objectives, as tracked using sustainability key performance indicators. including cumulative reduction in energy consumption and GHG emission intensity. Audits will be conducted annually.

BMO Capital Markets served as the sustainability structuring agent.

The company is a family-owned processor and distributor of metals across North America.

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