Balfour Beatty converts credit facility
Balfour Beatty
237.60p
16:20 29/11/21
0.85%
2.00p
British builder Balfour Beatty on Wednesday said it had converted its £375m revolving credit facility to a sustainability-linked loan.
Construction & Materials
7,989.29
16:30 29/11/21
-0.37%
-29.84
FTSE 250
22,756.33
16:30 29/11/21
n/a
n/a
FTSE 350
4,076.21
16:30 29/11/21
n/a
n/a
FTSE All-Share
4,057.63
16:21 29/11/21
n/a
n/a
Under the terms of the loan, the company said it would deliver improvement in three areas: carbon emissions, social value generation, and an independent environmental, social & governance rating.
The London-based construction company said performance would be monitored during the lifetime of the credit facility, which has been extended to to October 2024, and depending on the outcomes achieved, a credit margin reduction or increase would apply.