Prudential financial introduces sustainability-linked revolving credit facility

Newark, n.j.--(business wire)--prudential financial, inc. (nyse: pru) today announced that it is more deeply integrating its environmental, social and governance (esg) commitments into the company's liquidity framework through the renewal of its five-year $4 billion credit facility, which now links the company's borrowing costs directly to its progress in achieving its sustainability targets. the credit facility, the first of its kind for a major u.s. insurer, includes a pricing structure which
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