Intesa Sanpaolo joins in the FS Group's largest financing with a loan of €3.5 bn

Through its IMI Corporate and Investment Bank Division, Intesa Sanpaolo participated in the FS Group's largest-ever transaction in terms of size, with a loan of €3.5 billion to Ferrovie dello Stato Italiane S.p.A. (FS Group).

The credit facility is a Sustainability Linked product, with margin and commitment fee review mechanisms linked to the achievement of three specific Key Performance Indicators (KPIs) concerning:

• Percentage of capex aligned to the EU taxonomy
• Energy intensity, measured as the ratio of energy consumption to operating revenues of the FS Group
• Increase in the percentage of female staff in relation to the total number of employees.

Intesa Sanpaolo not only participated as underwriter and mandated lead arranger, but was also designated as Agent Bank for the transaction. Furthermore, as Sustainability Coordinator together with BNP Paribas, Crédit Agricole CIB and UniCredit, it played a central role in the integration of ESG (Environmental, Social, and Governance) criteria into the credit agreement.

In addition to Intesa Sanpaolo, Banca Popolare di Sondrio, BNL-BNP Paribas, BPER, CaixaBank, Cassa Depositi e Prestiti, Crédit Agricole CIB, ING and UniCredit participated in the transaction, demonstrating a strong collaboration between leading financial institutions.

This transaction underlines Intesa Sanpaolo's strong commitment to supporting large-scale, sustainability-oriented financial projects, confirming its leadership in the banking and finance market.