Samworth Brothers announces sustainability-linked debt facility
Samworth Brothers has agreed a £150 million sustainability-linked revolving credit facility to support our strategic growth ambitions while underlining our commitments to environmental and social goals. This financing package will support investment across the business.
The new unsecured facility is provided by a club of three banks, made up of HSBC UK and Lloyds Bank as the Group’s existing banking partners, and bringing in NatWest as a new banking partner. The facility is linked to three of Samworth Brother’s ESG priorities, being a reduction in carbon, a reduction in food waste intensity and an increase in the number of apprenticeships across the business.
Mark Samworth, Chairman of Samworth Brothers, said: “We are delighted to be moving to these new arrangements. With this refinancing, we reaffirm our commitment to our long-term sustainability goals on carbon emissions, food waste intensity and social impact. As a fourth-generation family business we always seek to be a long-term force for good and so it is particularly important for us to address both environmental and social initiatives.”
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