Huhtamaki Strengthens Financial Position with Loan Extension
Huhtamaki Strengthens Financial Position with Loan Extension
Huhtamaki Oyj has made a significant move by extending the maturity of a EUR 125 million sustainability-linked loan agreement, known for promoting responsible practices. This extension, announced recently, reflects the company's ongoing commitment to sustainability.
Details of the Loan Facility
The loan facility, first introduced in May, has been extended by an additional year, now set to mature on May 22, 2026. This strategic decision aligns well with Huhtamaki's objectives to secure its financial framework while supporting corporate initiatives. OP Corporate Bank Plc remains the lender of this facility, which will primarily be utilized for general corporate purposes across the Group.
Huhtamaki's Commitment to Sustainability
At the core of Huhtamaki's operations is a commitment to sustainability. As a global supplier of sustainable packaging solutions, the company aims to mitigate environmental impact through innovative designs that prioritize recyclability and compostability. These initiatives are part of a broader strategy to achieve carbon neutrality in production and to have all products either recyclable or compostable by 2030.
Leading the Way in Sustainable Practices
Huhtamaki’s blueloop™ sustainable packaging solutions exemplify its innovative approach to circular economy principles. By embedding sustainability into every aspect of its production, Huhtamaki not only protects food and beverages but also contributes to broader environmental goals.
Recognition and Achievements
Huhtamaki's efforts in sustainability have not gone unnoticed. The company is a proud participant in the UN Global Compact, receiving an 'A' rating from MSCI ESG Ratings and a Gold medal from EcoVadis for exemplary performance in sustainability practices. These accolades underscore Huhtamaki's commitment to integrating responsible business practices throughout its operations.
Future Aspirations
With a vision to combat climate change actively, Huhtamaki has established science-based targets approved by the Science-Based Targets initiative, illustrating its dedication to achieving measurable progress in its environmental initiatives.
Global Presence and Financial Performance
Boasting a rich history of 100 years, Huhtamaki operates in 37 countries with over 100 locations worldwide. The values of Care, Dare, and Deliver guide Huhtamaki in making impactful decisions for its stakeholders and the environment. Recently, the Group reported impressive net sales of EUR 4.2 billion, confirming its strong market position and potential for growth.
Contact Information
For inquiries, please reach out to:
Tom Erander, Vice President, Treasury, tel. +358 10 686 7893
Frequently Asked Questions
What is the value of the loan facility extended by Huhtamaki?
The loan facility extended by Huhtamaki amounts to EUR 125 million.
Who is the lender for Huhtamaki's loan?
The lender for the loan facility is OP Corporate Bank Plc.
What are the primary uses of this loan for Huhtamaki?
The loan will be used for general corporate purposes of the Group.
What commitment does Huhtamaki have towards sustainability?
Huhtamaki aims to achieve carbon neutrality and ensure all products are recyclable or compostable by 2030.
How has Huhtamaki been recognized for its sustainability efforts?
Huhtamaki has received an 'A' rating from MSCI ESG Ratings and a Gold medal from EcoVadis for its performance in sustainability.
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