ANZ has announced its role as Joint Sustainability Coordinator and Joint Documentation Coordinator for Brambles' first US$1.35 billion Sustainability Linked Loan Facility. The facility is a 5-year syndicated loan, with two one-year extension options, intended to refinance bilateral loans for general corporate purposes. Its pricing is tied to sustainability targets, notably decarbonisation.
Brambles operates in global supply chains and manages the largest pool of reusable pallets, crates, and containers worldwide. The company facilitates the movement of consumer goods, fresh produce, and raw materials across over 60 international markets.
Emma Broughton, ANZ's Head of Corporate Finance in Europe, stated: “Minimising the impact of supply chains on the environment is deeply embedded in Brambles’ business strategy, this Sustainability Linked Loan is another step forward in their commitment to achieve net-zero by 2040.”
Oliver Whiddett, Brambles' Senior Vice President of Treasury, commented: “Brambles has long understood the value of a sustainability-led approach, with sustainability commitments sitting at the core of the company’s strategy and operations."
He added: “We are pleased to have secured this facility, which strengthens and affirms these commitments, signals the recognition of Brambles’ sustainability strategy and supports our work as we continue to pursue our decarbonisation and regeneration goals.”