Hydro secures $2.4 bn in sustainability-linked credit facilities

Norsk Hydro ASA has signed new sustainability-linked revolving multi-currency credit facilities totaling $2.4 billion, comprised of a $1.6 billion and an $800 million facility, effective November 18, 2025. These facilities replace Hydro's previous undrawn $1.6 billion and $1.0 billion credit facilities. The margin on the new facilities is directly tied to Hydro's progress in achieving its annual targets for reducing CO2 emissions per tonne of hot metal from electrolysis.

Trond Olaf Christophersen, Hydro's cfo, stated that the refinancing reaffirms the company's commitment to its climate roadmap toward 2030 amidst a challenging macroeconomic environment. He highlighted the strong relationship with banking partners and the favorable terms secured.