Houston, Texas – Orion Engineered Carbons has secured a $650 million- (€560 million) equivalent seven-year sustainability-linked term loan B, across euros and US dollars.
With the transaction, Orion has replaced its existing term loan B that was scheduled to mature in July 2024 and termed out maturities to September 2028, the carbon black manufacturer announced 5 Oct.
“We are a performance-driven organisation committed to creating long-term growth and being a responsible global corporate citizen,” said CEO Corning Painter.
The loan, according to Painter is in line with Orion’s “value creation strategy”, which is founded on growing economic profit while also advancing ESG goals.
“We are excited to broaden our commitment to responsible growth by securing this sustainability-linked loan,” he added.