Thursday, July 7, 2022

Maple Leaf borrowing $2 billion

Maple Leaf Foods Inc. reports it has a deal to extend borrowing of $2 billion.

The company said it is the first sustainability-linked loan in Canada and began three years ago. 

The credit facility consists of a $1.3 billion unsecured committed revolving line of credit maturing on June 29, 2027, and two unsecured committed term facilities in the amounts of $265 million US, maturing on June 29, 2027, and $350 million Cdn, maturing on June 29, 2026.