Mundys converts its entire banking facilities totaling €3 billlion into Sustainability-Linked Loans

CET 18.47 Rome, 18 April 2023 – Mundys positively concluded the conversion into Sustainability-Linked Loans of the existing Euro 1,500 million term loan facility signed on October 5th, 2022 and of the Euro 1,500 million revolving credit facility signed on July 1st, 2022. This conversion follows the adoption by Mundys in November 2022 of a Sustainability-Linked Financing Framework (the “Framework”), which represents an important milestone to execute the commitment of the company to fully integrate sustainability into Mundys’ financing strategy. The interest rate margin of the loans will be adjusted up or down in accordance with the progress that the Group will achieve on environmental and social targets as measured by three Key Performance Indicators under the Framework related to decarbonization of controlled energy sources, pace of transition to green electricity as well as progress on gender balance among leadership roles. Such short-term targets, creating a link between the cost of banking facilities and progress achieved on key environmental and social targets, are consistent with the longer-term Mundys Group’s ambition to be net zero on direct emissions by 2040 and to increase female representation in senior and middle management roles up to 35% by 2030, well above the infrastructure industry market practice. Following the conversion, the entire banking indebtedness of Mundys is now sustainability-Linked, in accordance with the “Sustainability-Linked Loan Principles” published by the Loan Market Association (LMA) and it brings to over 4.8 billion euro the total green and sustainability-Linked bonds and credit lines across the Group. Banco BPM, BNP Paribas, Intesa Sanpaolo – IMI CIB Division and Mediobanca acted as “Sustainability Coordinators” in this transaction.

AI Assistant

Welcome! I am your AI assistant designed to help you quickly find information contained in this site in a simple and precise way.

Make your experience unique, select a topic

Privacy notice: Your conversations with AI Assistant are stored and may be analyzed to improve the quality of the service, but they are not used to train artificial intelligence models. We invite you not to enter personal data or confidential information in your requests. We do not share your information with third parties and your data is processed in accordance with our Privacy Notice.

The response provided by AI Assistant is generated by artificial intelligence solely based on the information published on the Mundys website. While designed to provide accurate information, artificial intelligence may provide inaccurate and/or outdated information; we therefore invite you to always verify the information by consulting the documents and content published on the Mundys website. The responses are for informational purposes only and do not constitute official communication from the Company or communication to the market.