Coats Group completes USD360 million ESG-linked bank refinancing

(Alliance News) - Coats Group plc announced on Friday the completion of a USD360 million ...

Alliance News 9 April, 2021 | 8:33AM
Email Form Facebook Twitter LinkedIn RSS

(Alliance News) - Coats Group plc announced on Friday the completion of a USD360 million environmental, social & corporate governance-linked bank refinancing.

The thread manufacturer's refinancing package will have a three year facility with the ability for two one-year extensions.

The refinancing includes an embedded ESG component which impacts margin based on performance against three of Coats's sustainability targets. These are reduction in energy intensity, employee engagement and the transition to products made from recycled materials.

Shares in Coats were trading 0.3% lower at 57.80 pence in London on Friday.

By Will Paige; willpaige@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Coats Group PLC 85.90 GBX -2.83 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2025 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures