AB InBev Signs Record $10.1 Billion ESG-Linked Facility
- Deal sets record for largest ever sustainability-linked loan
- Even before the deal, ESG loans were up 71% year-on-year
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Anheuser-Busch InBev SA/NV, maker of beer brands Budweiser and Stella Artois, has signed a $10.1 billion debt facility that costs more to service if the company falls short on a set of sustainability targets.
It’s the largest ever ESG-linked loan, narrowly toppling a record set by Royal Dutch Shell Plc with a $10 billion transaction in late 2019. The deal also makes the Belgian brewer the biggest user of sustainability-linked loans, a category that barely existed before 2017.