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LOS ANGELES – US fashion brand Guess has announced a new €250 million (US$260m) European green finance deal linked to the company's performance against its sustainability targets.

Guess has entered into the revolving credit facility through its wholly-owned Swiss subsidiary, Guess Europe Sagl.

The five-year deal includes an option to extend the term by up to two years and to increase the funds available by up to €100 million (US$104m), subject to conditions.

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