The Company and a pool of primary national and international lenders executed a green secured facility agreement for an amount equal to Euro 250 million

IGD – Immobiliare Grande Distribuzione S.p.A. (the “Company”) announces that today it has executed with a pool of primary national and international banks and institutions which includes Intesa Sanpaolo S.p.A. (Divisione IMI Corporate & Investment Banking), acting as, among other things, global co-ordinator, green co-ordinator, agent and lender, Gruppo Mps, acting through MPS Capital Services Banca per le Imprese S.p.A., as, among other things, global co-ordinator and lender, and Banca Nazionale del Lavoro S.p.A., Banco BPM S.p.A., Cassa depositi e prestiti S.p.A., Deutsche Bank S.p.A., BPER Banca S.p.A. and UniCredit S.p.A., acting as, among other things, lenders, a secured facility agreement pursuant to which the relevant lenders make available to the Company a green secured facility of Euro 250 million, with five years maturity. It is envisaged that the facility will be mainly utilized to finance and/or refinance, in whole or in part, the so-called “Eligible Green Projects” referred to in the Company’s “Green Financing Framework”, developed in accordance with the Green Bond Principles (ICMA), and the Green Loan Principles (LMA), as well as for general corporate purposes.

Green loans, after the first transaction in August 2022, rise to a total of €465 millions, equal to 41% of the Company’s total indebtedness, confirming IGD’s commitment to the transition towards a sustainable economy and to the achievement of the sustainability goals and ambitions identified in the 2022-2024 Business Plan.

“By means of this transaction, we have covered the financial needs through the first half of 2024. The lending banks and institutions recognised the good creditworthiness of IGD, also in light of the portfolio’s solid fundamentals and excellent operative performance, as well as our focus on sustainability.” declared Claudio Albertini, CEO of the Company.

 

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