Byggmax Group has signed a SEK 500 million sustainability-linked revolving credit facility with Handelsbanken
Byggmax Group has signed a SEK 500 million revolving credit facility linked to its sustainability targets. The revolving credit facility has a maturity of three years with two one-year extension options and will be used for general corporate purposes. The new facility is backed by Handelsbanken, with who Byggmax Group has a long-standing cooperation, and increases Byggmax Groups existing SEK 1,420 million credit facility to SEK 1,920 million.
- - Reduce CO2e emissions from own operations, versus base year 2020, by -90% until 2027
- - Reduce CO2e per transported ton, versus base year 2010, by -70% by 2030
The facility's annual KPIs are aligned with these goals and the interest margin on the facility is affected positively or negatively depending on whether the KPI levels are met.
-"Sustainability is a fundamental part of our strategy, and this new credit facility with Handelsbanken is a testament of our commitment to our ambitious sustainability targets," says Mattias Ankarberg CEO Byggmax Group