K+S Group reported that it has secured a new revolving credit facility for a total of €400 million (approximately $427.9 million at current exchange rates). The group highlighted that for the first time, the credit facility also contained a component linked to the development of sustainability KPIs.
In a June 6 statement announcing the new credit line, which has a term of up to seven years, K+S Chief Financial Officer Christian H. Meyer said that when K+S introduced its new corporate strategy approximately two years ago, the group emphasized that business decisions must be consistent with the company’s climate strategy.