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<blockquote data-quote="Weather Man" data-source="post: 16674656" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3745899-ford-renews-155b-revolving-credit-lines-linking-to-esg-goals" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3745899-ford-renews-155b-revolving-credit-lines-linking-to-esg-goals" target="_blank">Ford renews $15.5B revolving Credit Lines linking to ESG goals</a></p><ul> <li data-xf-list-type="ul">Ford (NYSE:<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>) <a href="https://seekingalpha.com/pr/18492875-ford-renews-15_5-billion-in-revolving-corporate-credit-lines-aligning-sustainability" target="_blank">announced</a> the extension of $15.5B in revolving credit lines, which ties corporate credit lines to measured ESG goals.</li> <li data-xf-list-type="ul">The arrangement comprises extensions of three revolving credit lines: a five-year, $10.1B facility maturing in September 2026, along with a three-year, $3.4B facility and a three-year, $2.0B supplemental facility, both maturing in September 2024.</li> <li data-xf-list-type="ul">The company said the facility renewals are distinguished by their inclusion of well-rounded measures demonstrating how Ford’s ESG, initiatives are integrated throughout its business.</li> <li data-xf-list-type="ul">The company also said that starting with this year’s extension, Ford is leading the corporate loan market’s transition away from the LIBOR interbank rate by pricing its revolving credit facilities directly off of the daily SOFR interest rate for corporate borrowings.</li> <li data-xf-list-type="ul">Ford partnered with Crédit Agricole Corporate and Investment Bank to lead development of the sustainability-linked facilities.</li> <li data-xf-list-type="ul">The facilities are supported by a diverse lender group composed of 60 banks, led by JPMorgan Chase Bank.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16674656, member: 137766"] [URL='https://seekingalpha.com/news/3745899-ford-renews-155b-revolving-credit-lines-linking-to-esg-goals'] Ford renews $15.5B revolving Credit Lines linking to ESG goals[/URL] [LIST] [*]Ford (NYSE:[URL='https://seekingalpha.com/symbol/F']F[/URL]) [URL='https://seekingalpha.com/pr/18492875-ford-renews-15_5-billion-in-revolving-corporate-credit-lines-aligning-sustainability']announced[/URL] the extension of $15.5B in revolving credit lines, which ties corporate credit lines to measured ESG goals. [*]The arrangement comprises extensions of three revolving credit lines: a five-year, $10.1B facility maturing in September 2026, along with a three-year, $3.4B facility and a three-year, $2.0B supplemental facility, both maturing in September 2024. [*]The company said the facility renewals are distinguished by their inclusion of well-rounded measures demonstrating how Ford’s ESG, initiatives are integrated throughout its business. [*]The company also said that starting with this year’s extension, Ford is leading the corporate loan market’s transition away from the LIBOR interbank rate by pricing its revolving credit facilities directly off of the daily SOFR interest rate for corporate borrowings. [*]Ford partnered with Crédit Agricole Corporate and Investment Bank to lead development of the sustainability-linked facilities. [*]The facilities are supported by a diverse lender group composed of 60 banks, led by JPMorgan Chase Bank. [/LIST] [/QUOTE]
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