Capital/Financing Update • Jul 3, 2020
Capital/Financing Update
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Milan, 3 July 2020 - Moncler S.p.A. has signed a financing credit line with Intesa Sanpaolo S.p.A. for a maximum amount of 400 million euros.
This consists of a sustainability-linked revolving credit facility granted to Moncler, with a rewarding mechanism linked to the achievement of environmental impact reduction targets. The Sustainability Loan - ESG linked RCF - has been structured by Banca IMI as Sole Global Coordinator, Mandated Lead Arranger and Sustainability Coordinator.
Thanks to this credit facility, Moncler consolidates its already solid liquidity position while further mitigating the risk profile deriving from the current situation.
This committed credit line expires in 2023 and can be renewed for a further two years.
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Paola Durante Moncler Strategic Planning, Intelligence and IR Director Tel. +39 02 42203560 [email protected]
Alice Poggioli Moncler Investor Relations Manager Tel. +39 02 42203658 [email protected]
Carlotta Fiorani Moncler Investor Relations Tel. +39 02 42203569 [email protected]
Tel. +39 02 42203528 [email protected]
Moncler was founded at Monestier-de-Clernont, Grenoble, France, in 1952 and is currently headquartered in Italy. Over the years the Brand has combined style with constant technological research assisted by experts in activities linked to the world of the mountain. The Moncler outerwear collections marry the extreme with those of city life. In 2003 Remo Ruffini took over the company, of which he is currently Chairman and CEO. Moncler manufactures and directly distributes the clothing and accessories collections under through its boutiques and in exclusive international department stores and multi-brand outlets.
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