AsiaFinance and Insurance

NYK seals sustainability linked loan deals worth $804m

Nippon Yusen Kaisha (NYK) has signed two sustainability-linked loan (SLL) deals with combined value of $804m.

The SSLs are NYK’s first environmental, social, and corporate governance (ESG) finance agreements since the company announced plans in February to further integrate ESG into its management strategy.

The loans are aligned with the Sustainability Linked Loan Principles set forth by the Loan Market Association and other organizations.

The first 5-year loan was executed on March 31. It includes six banks and value of $204m.

The second, $600m is a revolving credit also executed on March 31. The lender is Sumitomo Mitsui Banking.

These two agreements bring NYK’s total number of SLLs to four.

Adis Ajdin

Adis is an experienced news reporter with a backgroud in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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