A financing of €124 million to support Illycaffè's ESG objectives

Image depicting a young Asian woman wearing traditional Thai clothing and ornaments, observing the flowers of a coffee plant while gently holding a branch with her hands

Intesa Sanpaolo, in a pool with other financial institutions, has signed a €124 million "Sustainability Linked Loan" to Illycaffè to support its industrial investment plan and increase the production capacity of its Trieste plant.

The loan is divided into two credit lines, both maturing in September 2027:

Term Loan of €100 million
Revolving of €24 million.

The 'Sustainability Linked Loan' issued, provides for a reward mechanism linked to the achievement of ESG targets by the international coffee market leader focused on:

the reduction of greenhouse gas emissions along the entire value chain, including indirect 'Scope 3' emissions.
a further reduction of the 'gender pay gap.

In addition to Intesa Sanpaolo, which also acted as Sustainability Coordinator through its IMI Corporate & Investment Banking Division, BNL BNP Paribas, Rabobank, Mediobanca and CDP also participated in the transaction.

Last updated 3 May 2024 at 17:18:00