• The committed credit facility, maturing in May 2028, significantly enhances MAIRE’s financial flexibility and further diversifies its sources of funding
• The transaction will contribute to increasing the Group’s funding linked to the achievement of CO₂ emissions reduction targets
• MAIRE also provided for the early voluntary repayment of the credit facility backed by SACE’s “Garanzia Italia” for €182.5 million, optimizing its financial structure

Milan, 17 October 2024 – MAIRE (MAIRE.MI) has signed a new Sustainability-linked credit line maturing in May 2028, for a total amount of €200 million. The credit line is structured as a committed and revolving credit facility which is compliant with the Group’s Sustainability-Linked Financing Framework adopted in September 2023. The applicable margin is dependent on the achievement of specific annual targets aimed at reducing the Group’s CO₂ emissions.

The credit line is granted by eight leading banking groups including Banca Monte dei Paschi di Siena, Banco BPM, Bank ABC, BdM Banca, BPER, Intesa Sanpaolo, Mediocredito Centrale and UniCredit. Intesa Sanpaolo (IMI CIB Division) acted as sustainability coordinator and facility agent.

The transaction is in line with MAIRE’s strategy to optimize the composition of its medium-long term debt and reduce the overall cost of funding, while enhancing its financial flexibility. As part of this strategy, at the end of September, MAIRE also provided for the voluntary early repayment of the credit facility backed by SACE’s “Garanzia Italia” entered into in July 2020, for an outstanding amount of €182.5 million.

Fabio Fritelli, Group CFO, commented: “The signing of this new revolving credit facility, which is another demonstration of the robust support for MAIRE’s strategy from the banking sector, will enhance our financial flexibility and contribute to diversifying our sources of funding. Moreover, it adds on the other two sustainability-linked funding transactions we carried out in the past year, marking another step forward in the journey towards the integration of our emissions reduction targets within our financial structure.”