The debt optimization process continues in 2026

IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. late yesterday evening signed a secured loan agreement for €165 million with a pool of leading national and international lenders including, as Mandated Lead Arrangers, Intesa Sanpaolo – IMI CIB division (acting also as Agent, Security Agent and Green Loan Coordinator), Banca Monte dei Paschi di Siena S.p.A., Banco BPM S.p.A. and BNL BNP Paribas.

The loan has a variable rate, a 6-year term and is classified as green under the Company’s “Green Financing Framework”. The net amount disbursed will be used primarily to fully repay the mortgage green loan signed on 9 May 2023, which has an outstanding residual debt of approximately €157 million.

The loan will extend the Group’s average debt maturity to 5.5 years, shifting the first significant maturity to 2030. The new loan carries a margin 135 basis points lower than the existing loan and will therefore further reduce the Group’s average cost of debt, in line with the radical transformation of its financial structure begun in 2025.

The loan is scheduled for payment in the first week of March 2026.

 

Roberto Zoia, CEO and Managing Director of IGD, commented: “We are proud of the operations we rolled out, which enabled us to raise €1.1 billion in new resources over the last twelve months and reflect the financial system’s confidence in the new direction IGD set in 2025. We are continuing to refine the Group’s financial structure in line with the targets of the 2025-2027 Business Plan and are ready to seize new opportunities on the financial markets to further improve the key indicators driving our Company’s growth.”

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