On July 18, 2022, Wheaton Precious Metals Corp. amended and restated its revolving credit facility to, inter alia, add a sustainability-linked element. Under the agreement, the interest rate will be adjusted based upon Wheaton Precious Metals’ performance in three sustainability-related areas:
- Attributable emissions from third-party mining partners’ operations covered by science-based emissions targets;
- Diversity at board and management levels; and
- Wheaton Precious Metals’ S&P ESG score.
Cassels acted for Wheaton.