ENAV has signed two ESG Sustainability Linked Term Loan for a total amount of 150 million euros through two bilateral agreements, of 100 million euros with Intesa Sanpaolo and 50 million euros with Mediobanca – Banca di Credito Finanziario S.p.A. The two Italian banks will both act as Original Lender and Sustainability Coordinator.
ENAV: two new sustainablility Linked Term Loans signed for a total amount of 150 million euro
The 3 years term credit lines have an interest rate indexed to the EURIBOR, with a pricing mechanism linked to specific ESG – Environmental, Social, Governance – targets.
This operation is part of the ENAV’s already undertaken route of integrating sustainability into its strategy, aiming to have a sustainable growth and confirms the Group’s strong commitment in evolving towards a model which increasingly consolidate sustainability as a strategic item for creating value for all its stakeholders.
The Loans are part of the ordinary, proactive and prudential approach to liquidity management, and will be utilized to optimize future years cash flow.