Accor

Report Publication Announcement • Dec 20, 2023

Regulated information DECEMBER 20TH , 2023

Accor signs new €1bn revolving banking credit facility

Accor today announced that it has signed an agreement with a consortium of 13 banks for a new €1bn Revolving Credit Facility. The new facility has a five-year tenor with two one-year extension options to be exercised in 2024 and 2025 and replaces the undrawn €1.2bn facility signed in June 2018.

The margin will be notably dependent on 3 criteria of the Group's performance in terms of Environment, Social and Governance (ESG):

• Reducing Greenhouse gas emission within Scopes 1 & 2, according to the Group's commitment to reduce its carbon footprint in line with the Paris Agreement;
• Fighting against food waste;
• Promoting gender diversity.

This facility will reinforce and increase the average maturity of Accor's liquidity. The absence of financial covenant (linked with the conservation of an Investment Grade rating) demonstrates the confidence of Accor's core banks in the Group's perspectives.

The RCF includes the following 13 banks: BNP Paribas as Coordinator and ESG Coordinator, Crédit Industriel et Commercial as Coordinator, documentation agent and facility Agent, as well as BNP Paribas, Banco Santander, Bank of America, Citi, Crédit Agricole CIB, Commerzbank AG, Crédit Industriel et Commercial, Deutsche Bank, HSBC, MUFG Bank Ltd., Mizuho Bank, Natixis and Société Générale as Mandated Lead Arrangers and Bookrunners.

ABOUT ACCOR

Accor is a world leading hospitality group offering experiences across more than 110 countries in 5,500 properties, 10,000 food & beverage venues, wellness facilities or flexible workspaces. The Group has one of the industry's most diverse hospitality ecosystems, encompassing more than 40 hotel brands from luxury to economy, as well as Lifestyle with Ennismore. Accor is committed to taking positive action in terms of business ethics & integrity, responsible tourism, sustainable development, community outreach, and diversity & inclusion.  Founded in 1967, Accor SA is headquartered in France and publicly listed on Euronext Paris (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States. For more information, please visit www.group.accor.com or follow us on X, Facebook, LinkedIn, Instagram and TikTok. 

Relations presse

Charlotte Thouvard SVP Group Communications charlotte.thouvard@accor.com Line Crieloue VP Group External Communications line.crieloue@accor.com

Relations investisseurs et Analystes

Pierre-Loup Etienne

SVP Investor Relations and Financial Communications pierre-loup.etienne@accor.com

Nastassja Mirza

Investor Relations and Financial Communications Executive Director nastassja.mirza@accor.com