Volvo Cars has signed a EUR 1.5 billion sustainability-linked revolving credit facility, refinancing the current EUR 1.3 billion credit facility signed in 2021.The five-year facility with a group of 22 participating banks has two one-year extension options and will serve as a backup facility for general corporate purposes.
The two new facilities also align with Volvo Cars’ sustainability strategy by linking the interest rate margin to Volvo Cars’ progress in reducing its carbon emissions across the value chain.
