Snam Secures €1B Sustainability-Linked Credit Line
This committed and revolving facility is tied to sustainabilitytargets, with the applicable margin contingent on meeting thesetargets and a maturity period of three years.
The credit line is provided by five leading banking groups: BNLBNP Paribas, Banco BPM, Crédit Agricole Corporate and InvestmentBank, Intesa Sanpaolo (IMI CIB Division), and UniCredit, who areacting as Joint Mandated Lead Arrangers and Bookrunners.
"This new sustainability-linked credit line aims at furtherintegrating our financial strategy with the Group's sustainabilitytargets and its commitment to achieve carbon neutrality by 2040, it contributes to Snam's sustainable finance target,towards 85 percent of total funding coming from sustainable financeby 2027," said Luca Passa, Snam Chief Financial Officer.
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