News Blog
CitizenM Secures $500 Million Loan Contingent on Sustainability Goals
CitizenM raised $500 million (€480 million) from HSBC UK, HSBC Continental Europe, ABN AMRO Bank N.V., and Aareal Bank with a sustainability-linked loan, becoming one of the first European hospitality companies to adopt such financing arrangements. The new funding incorporates specific environmental, social and governance (ESG) goals as part of the push for greener travel. For CitizenM,…
Sherry Sun | 1 year ago