Thai Union Closes Company-first $400 Million Sustainability Loan
Thai Union announced its first Sustainability-Linked Syndicated Loan (SLL) in Thailand and Japan.
The SSL is split into a credit facility equivalent to THB 6.5 billion, denominated in both Thai baht (THB) and United States dollars (USD), along with a USD 183 million-equivalent Ninja/Samurai credit facility denominated in USD and Japanese yen.
In all, the two credit facilities are equivalent to THB 12 billion, or USD $400 million with a term of five years.
According to Thai Union, the SLL was oversubscribed by a factor of more than two times...
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