×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: anheuser busch | sustainability linked loan | budweiser

Anheuser-Busch Signs Record $10.1B Sustainability-Linked Loan

cans of budweiser sit on bar
(Dreamstime)

Thursday, 18 February 2021 07:09 AM

Anheuser-Busch InBev SA/NV, maker of beer brands Budweiser and Stella Artois, has signed a $10.1 billion debt facility that costs more to service if the company falls short on a set of sustainability targets.

It’s the largest ever ESG-linked loan, narrowly toppling a record set by Royal Dutch Shell Plc with a $10 billion transaction in late 2019. The deal also makes the Belgian brewer the biggest user of sustainability-linked loans, a category that barely existed before 2017.

The new revolving credit facility replaces an earlier financing line and ties interest margins to meeting goals on water efficiency, recycled packaging, renewable energy use and emissions, the company said on Thursday.

It also nearly doubles the global tally of environmental, social, and governance loans for this year, which at $12 billion was already 71% ahead of the same period in 2020. Annual sales have surpassed $100 billion since 2019.

Recent high profile corporate sustainability-linked loan deals include a facility for Italian high-end fashion house Prada SpA earlier this month that linked margins to recycling and self-produced energy.

AB InBev has set credit market benchmarks before. Five years ago it sold Europe’s biggest-ever corporate bond, a 13.25 billion-euro ($16 billion) offering of notes across six maturities to fund its purchase of SABMiller.

© Copyright 2021 Bloomberg News. All rights reserved.


StreetTalk
Anheuser-Busch InBev SA/NV, maker of beer brands Budweiser and Stella Artois, has signed a $10.1 billion debt facility that costs more to service if the company falls short on a set of sustainability targets. It's the largest ever...
anheuser busch, sustainability linked loan, budweiser
210
2021-09-18
Thursday, 18 February 2021 07:09 AM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved