Danske Bank congratulates Tornator Oyj on its first green financing arrangement after publishing its Green Finance Framework! We are proud to support Tornator, Europe’s leading company in sustainableforestry, as one of the three Mandated Lead Arrangers providing the company a EUR 350m Secured Credit Facilities.
This is the first loan agreement under Tornator's Green Finance Framework. It consists of a total of EUR 250m in Green Term Loans for refinancing of existing indebtness as well as to support Tornator’s growth ambitions and a EUR 100m Revolving Credit Facility for general corporate purposes. Tornator’s Green Framework was launched in 2019, and it is a clear testimony of climate responsibility as part of the company's core. The framework received the highest rating 'dark green' from the Norwegian Climate Research Institute CICERO.
Read more about Tornator’s Green Framework here.
This is the first loan agreement under Tornator's Green Finance Framework. It consists of a total of EUR 250m in Green Term Loans for refinancing of existing indebtness as well as to support Tornator’s growth ambitions and a EUR 100m Revolving Credit Facility for general corporate purposes. Tornator’s Green Framework was launched in 2019, and it is a clear testimony of climate responsibility as part of the company's core. The framework received the highest rating 'dark green' from the Norwegian Climate Research Institute CICERO.
Read more about Tornator’s Green Framework here.
