Volvo signs two sustainability-linked revolving credit facilities in the total of 2 billion euros

Volvo Cars has signed a 1.5 billion euros sustainability-linked revolving credit facility, refinancing the current 1.3 billion euros 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.

In addition, Volvo Cars has signed a 500 million euros sustainability-linked three-year revolving credit facility with certain Nordic banks. This facility also has two one-year extension options and is for general corporate purposes.

BNP Paribas, Crédit Agricole Corporate and Investment Bank, DNB Bank ASA, Sweden Branch, and SEB acted as coordinators for the 1.5 billion euros facility, while Crédit Agricole Corporate and Investment Bank acted as sustainability coordinator and Swedbank as agent.