# Pact Group converts A$420M of loans into first sustainability-linked loan in Australian manufacturing

Pact Group has converted AU$420 million of existing loan facilities into a sustainability-linked loan, the first such transaction for an Australian manufacturing company. Commonwealth Bank of Australia, Westpac and HSBC were lead arrangers.

- Type: Partnership
- Announced: 2022-09-15
- Where: Australia
- Value: $290.0M (420.0M AUD)
- Status: completed
- Products: specialty packaging solutions, recycled packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Pact Group](https://endata.com/companies/2510.md)
- [Westpac Banking Corporation](https://endata.com/companies/1063.md) (partner)
- [HSBC](https://endata.com/companies/2386.md) (partner)
- [Commonwealth Bank of Australia](https://endata.com/companies/9692.md) (partner)

## Sources

- [manmonthly.com.au](https://www.manmonthly.com.au/first-sustainability-loan-manufacturing/), 2022-09-15: "Pact Group has converted $420 million of existing loan facilities into a sustainability-linked loan (SLL), the first transaction of its kind for an Australian-based manufacturing company."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.