The margin of the facilities will be adjusted based on Hydro’s progress to meet its annual targets to reduce CO2 emissions per tonne of hot metal from electrolysis.
“The successful refinancing is a testament to the strong relationship between Hydro and our core banking partners. The favourable terms and smooth execution reflect the deep trust cultivated over many years. By integrating a sustainability-linked structure into the facilities, we reaffirm our steadfast commitment to delivering on Hydro’s climate roadmap toward 2030, even amid a challenging macroeconomic environment," says Trond Olaf Christophersen, Hydro’s Chief Financial Officer.
