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Bank of Montreal NYSE: BMO-N

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BMO Helps Teck Resources Advance ESG Goals with Sustainability-Linked Loan

PR Newswire - Tue Oct 19, 10:27AM CDT

TORONTO, Oct. 19, 2021 /PRNewswire/ - BMO Financial Group (TSX: BMO) (NYSE: BMO), acting as Co-Sustainability Structuring Agent, has announced a financing deal with Teck.  Adopting a sustainability-linked loan (SLL) structure as part of its 2021 revolving credit facility renewal enables Teck to link its ESG goals and financing arrangements, reinforcing and demonstrating its commitment to sustainability.

The deal introduces a margin adjustment incentive mechanism tied to Teck's commitment to GHG emissions intensity reduction, increased gender diversity in its workforce, and continuous improvement in maintaining a safe and healthy workplace environment.

Read more at prnewswire.com

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