Adani Transmission’s $700-mn revolving facility gets ‘green loan’ tag
Adani Transmission Limited (ATL) on Wednesday said its USD 700 million revolving loan facility has been tagged as ‘green loan’ by Sustainalytics.
Sustainalytics, a Morningstar Company, provides analytical environmental, social and governance (ESG) research, ratings and data to institutional investors and companies.
In a statement issued on Wednesday, ATL said its “USD 700 million revolving facility has been tagged as green loan by Sustainalytics. This provides assurance on the green loan framework for the revolving facility.”
A revolving loan facility is a flexible financing tool that provides the borrower with the ability to draw down or withdraw, repay, and withdraw again.
