BNP Paribas has announced that it has closed a sustainability-linked loan with JetBlue Airways via an amendment to its existing Senior Secured Revolving Credit Facility for the airline industry, the company said.
JetBlue has amended its existing USD 550 million Senior Secured Revolving Credit Facility by including a sustainability-linked provision to align its strategic initiatives with its environmental, social, and governance performance (ESG) goals and objectives. BNP Paribas assisted the Company as the sole Sustainability Structuring Agent in this effort.
This SLL includes a pricing mechanism related to the applicable margin and commitment fee, which is then linked to the Company´s ESG score provided by Vigeo Eiris, an international provider of ESG research and services for investors and organizations.
BNP Paribas has acted as Sustainability Coordinator or Sustainability Structuring Agent for many sustainable finance transactions.
BNP Paribas is a European bank with international reach. It is present in 72 countries, with more than 202,000 employees, of whom more than 154,000 are in Europe.
JetBlue is New York´s Hometown Airline, and an airline carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 42 million customers a year to nearly 100 cities in the US, Caribbean, and Latin America with an average of more than 1,000 daily flights.