New sustainability-linked revolving credit line for Eni. The company, led by Claudio Descalzi, has entered into a Sustainability-Linked da 3 billion euros of the duration of five years. This line of credit is tied to achievement of two objectives established in their “Sustainability-Linked Financing Framework” updated in April 2023.
Interests linked to Scope 1 and 2 sustainability targets
The new structure will enhance Eni's financial flexibility, combining its resources with the 6 billion euro sustainable credit line already signed in 2022.
The interest rate of the new credit line is linked to the achievement of the sustainability goals regarding the Net Carbon Footprint in the upstream phase (Scope 1 and 2) and the installed capacity for the production of electricity from renewable sources.
26 financial institutions
The line of credit is provided by 26 major institutes global financial, with Mediobanca who plays the role of global coordinator, documentation manager and facility agent, MUFG as global coordinator and sustainability coordinator, e Citi e Natixis as global coordinators.
Il union includes HSBC, UniCredit and Intesa Sanpaolo (in the role of bookrunners), and Bank of America, BNP Paribas, BPER Banca, Société Générale and Wells Fargo (in the role of mandated lead arranger). Also participating are Agricultural Bank of China, BBVA, Banco BPM, Barclays Bank, Credit Agricole CIB, Deutsche Bank, DNB Bank, First Abu Dhabi Bank, Goldman Sachs, JP Morgan, National Bank of Kuwait, Santander Corporate & Investment Banking, SMBC Bank and Standard Chartered (in the role of lead arrangers).
