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Snam Capital/Financing Update 2024
4042_rns_2024-05-28_34bc97df-99cf-4071-98fc-c135e218a00a.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 0542-46-2024 |
Data/Ora Inizio Diffusione 28 Maggio 2024 10:31:03 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | SNAM | |
| Identificativo Informazione Regolamentata |
: | 191374 | |
| Utenza - Referente | : | SNAMN05 - Pezzoli | |
| Tipologia | : | 3.1 | |
| Data/Ora Ricezione | : | 28 Maggio 2024 10:31:03 | |
| Data/Ora Inizio Diffusione | : | 28 Maggio 2024 10:31:03 | |
| Oggetto | : | Snam signs new 1-billion-euro Sustainability Linked credit line |
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| Testo del comunicato |
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This press release is available at www.snam.it
t
snam press office T+ 39
02.37037273ufficio [email protected]
snam investor relations T+39 02.37037898
or.relations@sna
m.it
Internal
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Snam signs new 1-billion-euro Sustainability-Linked credit line
San Donato Milanese (Milan), May 28th , 2024 - Snam has signed a new Sustainability-linked credit line, for a total amount of Euro 1 billion, which is compliant with the new Group's Sustainable Finance Framework published in February 2024.
The credit line is structured as a committed and revolving facility linked to sustainability targets, with the applicable margin dependent on the achievement of these targets and a maturity of three years.
"This new Sustainability-Linked credit line aims at further integrating our financial strategy with the Group's sustainability targets and its commitment to achieve Carbon Neutrality by 2040. Moreover, it contributes to Snam's sustainable finance target, towards 85% of total funding coming from sustainable finance by 2027", said Luca Passa, Snam Chief Financial Officer.
The transaction enhances Snam financial flexibility, while demonstrating the Group's strong commitment to sustainability as a key strategic lever for creating value for all stakeholders.
The credit line is granted by five leading banking groups being BNL BNP Paribas, Banco BPM, Crédit Agricole Corporate and Investment Bank, Intesa Sanpaolo (IMI CIB Division) and UniCredit, acting as Joint Mandated Lead Arrangers and Bookrunners.
This press release is available at www.snam.it
Snam Press Office T+ 39 02.37037273 [email protected]
Snam Investor Relations T+39 02.37037898 [email protected]