Environmental Leader | First of Its Kind Loan: Barclays’ Borrower Pays Less if Sustainability Targets are Met

Jul 2, 2018 10:10 AM ET
Photo Credit: (401)K 2012, Flickr Creative Commons

Originally published on EnvironmentalLeader.com

by Jennifer Hermes

In a first in the US, a company has entered into a syndicated sustainability-linked revolving loan. CMS Energy and its subsidiary, Consumers Energy, have entered into $1.4 billion revolving credit facilities from Barclays, the sole Sustainability Structuring Agent on the loan. This means that CMS can reduce its interest rate on the new credit by meeting targets related to environmental responsibility, CMS says. 

Read the full article on EnvironmentalLeader.com.