Maple Leaf Foods

Maple Leaf Foods in its sustainability-linked credit facilities

Client

Maple Leaf Foods

Value

$2 billion

Service

Financial Services

Date Closed

December 2019

Industry

Food & Beverage

Lead Office

New York

 

On December 11, 2019, Maple Leaf Foods announced it has become the first company in Canada to secure sustainability-linked terms for its credit facilities. Maple Leaf Foods signed an amendment to its existing credit facilities to include financing terms that reduce the interest rate as key sustainability targets are met. The credit facilities consist of an unsecured committed revolving line of credit and two unsecured committed term facilities totaling $2 billion in funding for a period ranging from 2019 to 2024. These amendments will allow Maple Leaf Foods to support its vision of being the most sustainable protein company in the world.

Maple Leaf Foods is a food production company headquartered in Ontario, Canada and is listed on the Toronto Stock Exchange.

Osler, Hoskin & Harcourt LLP advised Maple Leaf Foods with a team led by Andrew Herr and including Miju Damodar (Financial Services).