Thursday, February 17, 2022
12:08 PM EST – BMO Financial Group : Has announced a financing deal with Seaspan, a leading containership leasing company. An amendment to an existing credit facility, the deal introduces a margin adjustment incentive mechanism tied to the alignment of the carbon intensity of Seaspan’s vessels with the International Maritime Organization’s 2050 decarbonization trajectory. The deal also incorporates sustainability-linked provisions into charter contracts, creating a value chain approach to decarbonization. BMO Financial Group (T.BMO) shares were down $0.83 at 148.56.
Stocks in Play: BMO Financial Group, Thu, 17 Feb 2022 12:12:07 EST