Rabobank is pleased to announce the successful closing of a sustainability-linked SEK 1.925bn club deal for Oatly, one of the world’s fastest growing, most exciting food brands and a company for which sustainability is truly at the core of its business. Oatly was the first to commercialize oat milk and has today become a global leader in the transition towards plant-based foods. The company’s broad range of nutritious and sustainable oat-based products are sold in almost 30 countries and counting, as demand continues to explode across the world
The SEK 1.925bn financing package is comprised of a SEK 725m Term Loan and a SEK 1.2bn Revolving Credit Facility. The sustainable element is based on Key Performance Indicators with annual targets and will enable Oatly to deliver on the promise to grow the plant-based category, lower CO2 emissions and continue to challenge the norms of the traditional food industry.
As the first bank to present the idea and with strong commitment throughout the process, Rabobank has played a key role, for which it has been awarded the role of Sustainability Coordinator and Mandated Lead Arranger. Congratulations to Oatly on this milestone which has helped to lay the foundation for the company’s future growth. Rabobank would also like to thank Nordea, BNP Paribas and SEK for their role in the transaction.