The Company and a pool of primary national and international lenders executed a green facility agreement for an amount equal to euro 215 million

IGD – Immobiliare Grande Distribuzione S.p.A. (the “Company”) announces that today it has executed with BNP Paribas in its capacity of Global Coordinator and Green Coordinator and Banca Nazionale del Lavoro S.p.A., Banco BPM S.p.A., Cassa Depositi e Prestiti S.p.A., China Construction Bank, Deutsche Bank S.p.A., Intesa Sanpaolo S.p.A. and MPS Capital Services Banca per le Imprese S.p.A., in their capacity of Arrangers and Lenders, a facility agreement pursuant to which the relevant lenders make available to the Company a green facility of Euro 215 million, with three years maturity and an extension option in favor of the Company up to five years.

The loan will be used 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, which has been established in accordance with the Green Bond Principles 2021 as administered by the International Capital Market Association (ICMA) and the Green Loan Principles 2021 as administered by the Loan Market Association (LMA). In this context the Company will refinance its existing indebtedness with a pool of lenders for a maximum original amount of Euro 200 million, granted under the terms and conditions set out in the facility agreement signed on October 16, 2018.

By means of this transaction, the Company has confirmed its commitment in the transition to a sustainable economy and in reaching the sustainability targets outlined in our 2022-2024 Business Plan.

 

“Sustainability is part of the DNA of IGD Group. We are convinced that adopting social and environmental responsible mind-set is the path to healthy and long-lasting growth in the real estate sector. This first Green Facility Financing, in line with the requirements set forth in the Green Financing Framework published last March, is the demonstration that IGD wants to be at the forefront in facing the many challenges posed by the ESG issues, confirming the commitment in obtaining financial instruments which are consistent with our decarbonization strategy.” declared Claudio Albertini, CEO of the Company.

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