Chicago, Feb. 28 – NewLife Forest Restoration, LLC has new financing in the form of a $200 million sustainability-linked bond, according to a press release.
The bond lists Arizona Industrial Development Authority as the issuer.
Goldman Sachs worked as the underwriter and placement agent on the financing.
Proceeds will be used to complete the build-out of the company’s industrial facility in Bellemont, Ariz., which will include a new high-speed sawmill, planner mill and dry kilns.
NewLife is majority-owned by Lateral Investment Management, an investor in the bond offering.
NewLife is based in Bellemont, Ariz. The company is a sustainable forest products business.
| Issuer: | Arizona Industrial Development Authority
|
| Issue: | Sustainability-linked bond
|
| Amount: | $200 million
|
| Bookrunners: | Goldman Sachs
|
| Announcement date: | Feb. 28
|
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