Mercon signs new sustainability-linked revolver

Mercon signs new sustainability-linked revolver

Loans Debt ESG Sustainability-Linked Nicaragua Brazil Guatemala Honduras United States Europe Central America

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

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