HP Launches $5 Billion Sustainability-Linked Credit Facility

HP (HPQ) has issued an announcement.

HP Inc. has secured a new five-year sustainability-linked revolving credit facility of $5 billion, with the potential to expand it by an additional $1 billion. The facility, arranged with JPMorgan and other lenders, emphasizes environmental targets and includes flexible borrowing options in multiple currencies, with interest rates tied to various benchmarks plus a margin. It also offers an option to extend the borrowing period and imposes financial covenants, such as a debt-to-EBITDA ratio limit. This move replaces an earlier credit agreement without incurring penalties, underscoring HP’s ongoing financial relationships and services with lenders.

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