Credit line

Italian Leonardo signs € 600 million ESG credit line

MILAN, December 20 (Reuters)The Italian aerospace and defense group Leonardo LDOF.MI announced Monday that it had signed a new ESG line of credit worth 600 million euros ($ 678 million), securing half of the group’s sources of funding.

The credit line, which matures in early 2027, is intended for the refinancing of bonds maturing in January 2022 and is linked to specific ESG (environmental, social and governance) indicators, including the reduction of CO2 emissions and the employment of women graduates in scientific and technical studies.

“With the signing of this line of credit, 50% of Leonardo’s funding sources are now linked to ESG,” Leonardo’s CEO said in a statement.

Banco BPM, BNP Paribas, BPER, Crédit Agricole CIB, Intesa Sanpaolo, UniCredit were the main arrangers and bookrunners of the ESG loan, the group said.

($ 1 = 0.8854 euros)

(Report by Francesca Landini edited by Mark Potter)

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