Henkel AG & Co. KGaA said Dec. 14 that it secured a €1.5 billion "green" loan from 15 national and international banks.

The loan's interest rate is linked to Henkel's sustainability performance based on the ratings of Sustainalytics, EcoVadis and ISS-oekom, according to the release.

The credit facility has a maturity of up to seven years. It replaces the German household products maker's existing €700 million and €800 million revolving credit facilities.

Banco Santander and UniCredit are the active book runners, while Bank of America, BNP Paribas, Citibank, Deutsche Bank, HSBC, ING, JPMorgan, Royal Bank of Scotland, Société Générale and Standard Chartered Bank acted as book runners. BayernLB, Commerzbank and Goldman Sachs participated as lead arrangers.