Co-Op and Banking Consortium Align £350 Million Funding to Ambitious ESG Targets

Co-op Group agrees £350m of loans with six banks – Northern Financial Review

Co-op Group, the Manchester-based mutual, has announced a new £350 million lending agreement with six banks — HSBC, Barclays, ING, Lloyds, NatWest and fellow co-operative Rabobank. “The deal reflects strong market confidence in the group’s continued resilience and performance, and follows a series of financial successes,” said Co-op Group. “In April, Co-op shared a solid set of annual results, reporting a 35% increase in underlying operating pro…

Co-op and Banking Consortium Align £350 Million Funding to Ambitious ESG Targets

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Co-op announces £350 million loan agreement

The Co-op has announced a new £350 million lending agreement with six banks.

Co-op secures £350m in fresh funding spurred by 'social values' - Retail Gazette

Co-op has secured a new £350m lending agreement with six major banks, in what it said reflects “strong market confidence” in the retailer. The co-operative has agreed a five-year deal with HSBC, Barclays, ING, Lloyds, NatWest and Rabobank linked to its sustainability and social impact targets. It said the deal is “a key step on Co-op’s journey to sustainable, profitable growth” and reflects “strong market confidence in the group’s continued resi…