Maersk seals $5bn credit facility linked to emissions reductions
A.P. Moller – Maersk has secured a new $5bn revolving credit facility through a syndicate of 26 selected banks linked to the company’s performance in reducing emissions.
The facility, which will become part of the company’s liquidity reserve, has a tenor of five years and may be extended by up to two years. The credit margin will be adjusted based on Maersk’s progress in reducing CO2 emissions by 60% by 2030.
