Nordgold Secures First ESG-linked Revolving Credit Facility
London, United Kingdom, 29 March 2021 – Nord Gold plc ("Nordgold" or the "Company"), the internationally diversified gold producer, announces that Celtic Resources Holdings DAC, a wholly-owned subsidiary of Nordgold, has entered into a two-year US$100 million ESG-linked revolving credit facility with a group of international banks.
The syndicated facility was arranged by the following mandated lead arrangers and bookrunners: ING Bank N.V., Deutsche Bank AG (Amsterdam branch) and AO Raiffeisenbank. ING Bank N.V. acted as sustainability coordinator while Deutsche Bank AG (London branch) was appointed as facility agent.
The new unsecured revolving credit facility is guaranteed by certain operating units of the Company. The margin under the loan is directly linked to Nordgold’s EcoVadis ESG-rating.
Nordgold intends to use the proceeds of the facility for general corporate purposes.
Nikolai Zelenski, Nordgold CEO, said:
“We are making significant strides in rapidly advancing our ESG performance, not least having recently committed to achieving net zero CO2 emissions by 2050, in support of the objectives of the Paris Agreement. Strong ESG principles are central to our ethos as a business and it is only right to extend these principles directly into our financing strategy.”
| Olga Ulyeva
Head of Corporate Communications
|Peter Ogden||Tel: +44 (0) 20 7250 1446|
Nordgold is an internationally diversified one million ounce gold producer with over 8,000 people operating a portfolio of ten mines (in Burkina Faso, Guinea, Russia and Kazakhstan) and a number of development and exploration projects in West Africa, Eurasia and the Americas. Since its foundation in 2007, Nordgold has established a global reputation as a leading developer of tier one gold mining assets with a proven commitment to community engagement, sustainability, efficiency and operating in an environmentally responsible manner. Since 2013, Nordgold has successfully constructed three gold mines, including two in Burkina Faso (Bouly and Bissa) and most recently, the Gross mine in Russia.