General Mills Becomes First U.S. Consumer Packaged Goods Company to Enter Into a Sustainability-Linked Revolving Credit Facility
By entering into the revolving credit facility, General Mills receives a pricing adjustment based on its performance against environmental criteria during the credit facility’s term. General Mills will be measured on progress in two key areas: reducing greenhouse gas emissions in owned operations and using renewable electricity for global operations. Sustainability performance will be measured and communicated in General Mills’ annual Global Responsibility Report.
“For General Mills, regenerating the earth’s natural resources is both a business and environmental imperative,” said
The amendment extends the maturity of the credit facility to 2026 and includes 20 of the company’s banking partners. Joint lead arrangers and joint book runners on this transaction include
“We applaud General Mills for the leadership they have shown in using the sustainability-linked loan market to demonstrate their commitment to ESG and corporate responsibility,” said
About General Mills
General Mills is a leading global food company whose purpose is to make food the world loves. Its brands include Cheerios, Annie's, Yoplait,
Source: General Mills