Vinge has advised Gränges AB (publ) (“Gränges”), a global leader in aluminium rolling and recycling in selected niches, on the refinancing of its sustainability-linked credit facility, which supports Gränges’ sustainability plan.
The credit facility, arranged by Danske Bank, Nordea, SEB, and Citibank, consists of a revolving credit facility of SEK 3,000 million (with an option to increase to SEK 3,500 million) and a term facility of USD 70 million. The agreement has a three-year term, with the possibility of a two-year extension.
The financing is linked to the performance of two sustainability key performance indicators (KPIs) tied to Gränges’ climate targets, which are also reflected in the company’s sustainability-linked financing framework. The new agreement is expected to contribute with reduced financing costs and further strengthen Gränges’ sustainability profile. As part of the refinancing, the 2022 credit facility has been repaid.
Vinge’s team consisted of Helena Göransson and Karl-Gustaw Tobola (Banking & Finance).
