Ahold Delhaize announces closing of upsized €1.5 billion Sustainability-Linked Revolving Credit Facility
December 12 2022 - 04:07AM
GlobeNewswire Inc.
Zaandam, the Netherlands, December 12, 2022 – Today, Ahold
Delhaize announces the closing of its €1.5 billion
Sustainability-linked Revolving Credit Facility (the
‘Facility’).
The new Facility increases the total revolving commitments from
€1.0 billion to €1.5 billion, reduces Ahold Delhaize’s borrowing
costs, and extends the maturity date to December 2027, which may be
further extended pursuant to two twelve-month extension
options.
The Facility links the cost of
borrowing to Ahold Delhaize’s annual performance on sustainability
KPIs that are aligned with its “Grounded in Goodness” strategy,
that focuses on healthier people and a healthier planet.
Specifically, the Facility includes three sustainability KPIs to
reduce Ahold Delhaize’s carbon emissions within its own operations
(scope 1 and 2), reduce food waste and help customers make
healthier choices. The Facility also includes the opportunity to
add scope 3 carbon emissions reduction performance targets by 2025.
Ahold Delhaize will report progress on its performance targets in
its annual reports.
ABN AMRO Bank N.V. and Société
Générale acted as Coordinators and Sustainability Coordinators on
the Facility.
- Ends -
Cautionary notice
This communication includes forward-looking statements. All
statements other than statements of historical facts may be
forward-looking statements. Words such as may, further, subject to,
will or other similar words or expressions are typically used to
identify forward-looking statements.
Forward-looking statements are subject to risks, uncertainties
and other factors that are difficult to predict and that may cause
actual results of Koninklijke Ahold Delhaize N.V. (the “Company, or
“Ahold Delhaize”) to differ materially from future results
expressed or implied by such forward-looking statements. Such
factors include, but are not limited to the risk factors set forth
in the Company’s public filings and other disclosures.
Forward-looking statements reflect the current views of the
Company’s management and assumptions based on information currently
available to the Company’s management. Forward-looking statements
speak only as of the date they are made and the Company does not
assume any obligation to update such statements, except as required
by law.
For more information
- Press office: +31 88 6595134 /
media.relations@aholddelhaize.com
- Investor relations: +31 88 659 5213 /
investor.relations@aholddelhaize.com
- Social media: Instagram: @Ahold-Delhaize | LinkedIn:
@Ahold-Delhaize | Twitter: @AholdDelhaize
About Ahold Delhaize
Ahold Delhaize is one of the world’s
largest food retail groups and a leader in both supermarkets and
e-commerce. Its family of great local brands serves 55 million
customers each week, both in stores and online, in the United
States, Europe, and Indonesia. Together, these brands employ more
than 413,000 associates in 7,452 grocery and specialty stores and
include the top online retailer in the Benelux and the leading
online grocers in the Benelux and the United States. Ahold Delhaize
brands are at the forefront of sustainable retailing, sourcing
responsibly, supporting local communities and helping customers
make healthier choices. The company’s focus on four growth drivers
– drive omnichannel growth, elevate healthy and sustainable,
cultivate best talent and strengthen operational excellence – is
helping to fulfil its purpose, achieve its vision and prepare its
brands and businesses for tomorrow. Headquartered in Zaandam, the
Netherlands, Ahold Delhaize is listed on the Euronext Amsterdam and
Brussels stock exchanges (ticker: AD) and its American Depositary
Receipts are traded on the over-the-counter market in the U.S. and
quoted on the OTCQX International marketplace (ticker: ADRNY). For
more information, please
visit:www.aholddelhaize.com.
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