SITA signs sustainability-linked syndicated credit facility

SITA, a global IT provider for the aviation industry, has signed a $400m inaugural sustainability-linked revolving credit facility over a minimum three-year term. The backup facility will support the company's general business needs, such as developing new solutions and strategies to alleviate the air transport industry's challenges of today and in the future. The syndication was oversubscribed. As part of the arrangement, four new banks have signed up to support SITA in addition to the c…

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Source: webwire.com
SITA signs sustainability-linked syndicated credit facility