Sustainable public lighting: financing of €197 mln for City Green Light

The image accompanying the News on the pool financing of 197 million euros to City Green Light, a company active in the sector of public lighting, energy efficiency and smart city services, portrays a night view of the city of Como overlooking on the lake with illuminated buildings and streets

Intesa Sanpaolo took part in the syndicated loan of €197 million for City Green Light, which will use the resources:

to implement investment projects dedicated to the energy transition and digitalisation of public administrations
to promote integrated energy efficiency solutions in key sectors, such as public lighting, public building management and energy communities

The financing, with a term of around 7 years, comes within the Green New Deal objectives, due to its positive impact in terms of climate change mitigation.

Intesa Sanpaolo acted as Lender Coordinator, Bookrunner, Mandated Lead Arranger, Agent Bank and Sace Agent, as well as Green Loan Coordinator for the structuring of the green lines (amounting to €192 million).

Cassa Depositi e Prestiti, UniCredit, BNL BNP Paribas and Sparkasse - Cassa di Risparmio di Bolzano also participated in the transaction, with the partial assistance of the SACE Green Guarantee for €96 million.

City Green Light operates in public lighting, energy efficiency and smart city services, serving more than 250 municipalities throughout Italy, with strong experience in managing more than 900,000 light fixtures, 100 street tunnels and 1,600 security cameras.

Photo credits: courtesy City Green Light

Last updated 26 September 2023 at 12:38:03