Birla Carbon closes first Sustainability Linked Loan of US$ 750 million

Birla Carbon, a global leader in manufacturing high quality carbon black solutions, has announced the execution of a US$ 750 million Sustainability Linked Loan (SLL) on December 17, 2021, with a syndicate of more than 15 banks. The proceeds from the loan will be used to refinance Birla Carbon’s existing debts. The ANZ Group is the sole sustainability coordinator for this deal.

The announcement is of added significance as earlier in 2021, Birla Carbon announced the launch of the Continua™ brand of Sustainable Carbonaceous Materials (SCM) and its aspiration to achieve net zero carbon emissions by 2050. Birla Carbon has also released its annual Sustainability Report with Key Performance Indicators (KPI) since 2013.

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