ITV PLC — Environmental & Social Information 2022

Jan 17, 2022

National Storage Mechanism | Additional information

RNS Number : 5439Y

ITV PLC

17 January 2022

17 January 2022

ITV plc

ITV plc SIGNS NEW SUSTAINABILITY-LINKED £500M REVOLVING CREDIT FACILITY

ITV plc ("ITV") has agreed a new syndicated £500m Revolving Credit Facility ("RCF") with Barclays Bank PLC, BNP Paribas, Credit Suisse International, Mizuho Bank, Ltd., National Westminster Bank PLC and Wells Fargo Bank N.A. The terms of the new RCF run until January 2027 replacing the existing facility, which was due to mature in 2023. 

The new RCF is linked to the delivery of ITV's science-based carbon emissions targets. Under the terms, ITV will benefit from a lower interest rate if it delivers emissions reductions in line with its net zero roadmap, which will be assessed on an annual basis and verified by independent external review. The metrics include scope 1, 2 and 3 emissions and will therefore impact right across the ITV supply chain. 

Chris Kennedy, COO & CFO, said: "The inclusion of ESG targets within this important financing demonstrates ITV's further commitment to achieve net zero targets by 2030."

For further details please contact: 

Investor Relations

Pippa Foulds                   +44 7778 031097

Faye Dipnarine               +44 20 7157 6581

Media Relations

Paul Moore                     +44 7860 794444

Jenny Cummins              +44 7595 106670

Treasury

Claire Stokes                  +44 7887 219649

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