JetBlue First Airline to Line Up Sustainability-Linked Loan
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JetBlue Airways Corp. revised a $550 million credit facility to add a pricing mechanism linked to the airline’s environmental, social and governance -- or ESG -- performance.
BNP Paribas SA, the sole structuring agent, said JetBlue is the first airline to arrange a so-called sustainability-linked loan, according to a statement Monday. Terms of the revolving credit facility weren’t disclosed.