The newly secured financing agreements are notable for including environmental targets directly within the loan terms. AD and ADIF will enjoy lowered interest rates as they achieve specific milestones in reducing carbon emissions and enhancing water usage efficiency. This financial framework, developed by Societe Generale in collaboration with a consortium of European and American banks, signifies a crucial move towards aligning corporate finance with sustainability objectives.
Under the terms of the new agreements, AD has acquired a $125 million Revolving Credit Facility, while ADIF has secured a $250 million Term Loan. These facilities not only replace the companies' previous debts but also retire the bonds issued by ADIF in 2021. Guillaume de Goÿs, CEO of AD and ADIF, praised the refinancing as a crucial move to support the companies' growth aspirations amid fluctuating global interest rates. He emphasised the new credit lines' substantial liquidity and operational adaptability, positioning Aluminium Dunkerque to capitalise on its industry-leading efficiencies and minimal carbon footprint.
