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FINWIRES

Emperador Seals EUR300 Million Sustainability-Linked Refinancing for Unit

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Emperador (SGX:EMI) provided the guarantee for the refinancing of an existing loan by its subsidiary, Emperador International, through a facility worth 300 million euros from a group of lenders, according to a Tuesday filing with the Singapore Exchange.

The new facility, jointly backed by Emperador Distillers, is tied to specific environmental targets. Under the agreement, the company must meet performance markers for reducing greenhouse gas emission intensity (Scope 1 and 2) and boosting its renewable energy consumption.

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