PZ Cussons agrees new £325 credit facility

PZ Cussons said it had agreed a new £325m committed credit facility, provided by a syndicate of lenders.

The credit facility incorporates both a term loan and revolving credit facility (RCF) structure, with maturity dates of up to November 2028, and replaces the existing £325m to expire in a year.

It also includes a pricing structure linked to the company's new sustainability framework - known as "Better For All" - incorporating environmental, social and governance performance indicators focused on achieving B Corp certification, reduction in virgin plastic packaging and reducing carbon emissions.

Reporting by Frank Prenesti for Sharecast.com