PARIS (Reuters) – Orange, France’s biggest telecoms group, said on Wednesday it had signed an agreement for a sustainability-linked refinancing of its 6 billion euros ($6.2 billion) syndicated credit facility with 27 banks.
PARIS (Reuters) – Orange, France’s biggest telecoms group, said on Wednesday it had signed an agreement for a sustainability-linked refinancing of its 6 billion euros ($6.2 billion) syndicated credit facility with 27 banks.
($1 = 0.9621 euros)
(Reporting by Sudip Kar-Gupta; Editing by Chris Reese)
A syndicated credit facility is a loan provided by a group of lenders, known as a syndicate, to a single borrower. This arrangement allows for larger amounts of financing and spreads the risk among multiple lenders.
Sustainability-linked financing refers to loans or credit facilities that have terms tied to the borrower's sustainability performance. If the borrower meets specific sustainability targets, they may benefit from lower interest rates.
Corporate bonds are debt securities issued by companies to raise capital. Investors purchase these bonds, effectively lending money to the company in exchange for periodic interest payments and the return of the bond's face value at maturity.
A credit facility is a type of loan or line of credit extended by a financial institution to a borrower, allowing them to access funds up to a specified limit. It can be used for various purposes, including operational expenses.
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