SSE Gets £3 Billion Sustainability-Linked Loans for Net Zero
- New revolving credit facilities refinance debt due in 2026
- It’s credit supportive ahead of heavy investment: BI’s Vickars
British power generator SSE Plc and its transmission unit have signed new sustainability-linked revolving credit facilities for £3 billion ($3.9 billion) to support a five-year net zero plan.
The London-listed company’s £1.5 billion revolving credit facility replaces two others totaling the same value that were due to mature in 2026. On top of that, SSEN Transmission’s £1.5 billion facility will refinance and increase its existing £750 million one due in November 2026, according to a statement on Thursday.