Anonymous ID: b9704b March 31, 2022, 7:32 p.m. No.15987426   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun

 

Captain Planet

The environmental, social and governance-based investment regime gathers steam: Yesterday, packaging company Novolex Holdings LLC priced a $3 billion term loan due in 2029 at a 425 basis point spread over the SOFR benchmark to help finance a leveraged buyout from Apollo Global Management. The deal, which features a 7.5 basis point interest-rate toggle depending the companyโ€™s progress on greenhouse gas emissions goals, marks the U.S.โ€™s largest-ever sustainably-linked debt offering, amid, as Bloomberg put it last week, โ€œmounting pressure for companies to do more to save the planet.โ€