ANZ supports debut US$1.35bn Sustainability Linked Loan Facility for Brambles
ANZ today announced it acted as Joint Sustainability Coordinator and Joint Documentation Coordinator for global supply chain logistics company Brambles, leading the issuance of its debut US$1.35bn Sustainability Linked Loan Facility.
The 5-year (plus two one-year extension options) syndicated loan facility refinanced a series of bilateral loans for general corporate purposes. The pricing of the facility is linked to sustainability targets, including decarbonisation.
Brambles, an industry leader in global supply chains and a pioneer of the circular business model, manages the world’s largest pool of reusable pallets, crates and containers. The company helps move consumer goods, fresh produce and raw materials across more than 60 international markets.
ANZ Head of Corporate Finance, Europe, Emma Broughton said: “Minimising the impact of supply chains on the environment is deeply embedded in Brambles’ business strategy, this Sustainability Linked Loan is another step forward in their commitment to achieve net-zero by 2040.”
Brambles Senior Vice President, Treasury, Oliver Whiddett, said: “Brambles has long understood the value of a sustainability-led approach, with sustainability commitments sitting at the core of the company’s strategy and operations.
“We are pleased to have secured this facility, which strengthens and affirms these commitments, signals the recognition of Brambles’ sustainability strategy and supports our work as we continue to pursue our decarbonisation and regeneration goals,” Mr Whiddett said.