Milestone and CommunityBank of Texas, N.A. Announce Arrangement of Sustainability-Linked Loan
Summary
are pleased to announce a $45 million Sustainability-Linked Loan (“SLL”) arranged for Milestone through CommunityBank of Texas, N.A. Frank W. Schageman, Chief Financial Officer of Milestone, said, “The SLL is a unique and pioneering form of financing in that it addresses much of what our respective stakeholders want to see – investments in, and by, businesses focused on environmental sustainability and ESG, and a willingness to recognize and reward companies able to meet specific and independently measured and verified Sustainability Performance Targets.” “We are excited to partner with a group of commercial banks that recognize our contributions to energy industry sustainability and believe in our mission to Clean Up EnergySM. Our network of slurry injection sites and best-in-class E&P landfills provides a new avenue for management and sequestration of hydrocarbon-rich energy waste streams. We are committed to protecting the environment and our communities by offering a better way to manage waste and play a key role in a forward-looking carbon agenda. is a commercial bank offering solutions to small and midsized businesses and professionals in Houston, Dallas, Beaumont, and surrounding communities in southeast Texas.
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