Packaging Firm Brings Sustainability-Linked Junk Loans to U.S.
- Kloeckner Pentaplast offers funds ESG-based dollar term loan
- Europe leads the trend of responsibility-linked financing
This article is for subscribers only.
The nascent trend of junk-rated companies linking the cost of loans to sustainability and social-responsibility goals has arrived in the U.S.
German plastic packaging firm Kloeckner Pentaplast GmbH is offering the first dollar term loan targeted at fund investors with an interest margin that rises or falls based on environmental, social and governance targets.