May 26, 2021
Mercon Coffee Group closed a $500 million sustainability-linked syndicated loan led by the Netherlands' Rabobank earlier this month, refinancing a $450 million facility that it signed in 2019.
With pricing linked to "key sustainability initiatives measured by performance indicators," Mercon got $250 million to finance coffee production in Nicaragua, Brazil, Guatemala and Honduras and another $250 million for exports to the United States and Europe, it said in a press release.
Mercon will disbur
Nicaraguan coffee supplier refinances a loan from 2019 with $500 mln for production and exports through a syndicated facility led by Rabobank