Fs has stipulated one with six financial institutions new credit line committed and revolving for an amount equal to 2,5 billion euros. The three-year operation is the largest ever for the transport group.
The line was subscribed with FS Holding by Intesa Sanpaolo, UniCredit, Cassa depositi e prestiti, Credit Agricole CIB, CaixaBank and Banca Popolare di Sondrio, and is the first Sustainability Linked product of the FS Italiane Group linked to the achievement of targets relating to four key performance indicators that illustrate the group's commitment to multiple ESG issues.
Two of these are transversal objectives: the improvement of a sustainability rating and the reduction of the gender gap in top positions. The other two, on the other hand, are distinctive and specific objectives in the field sustainable mobility and accessibility in stations, relating to projects of the main operating companies of the group, RFI and Trenitalia. FS underlines that, for the first time, the market will be able to monitor and measure two of the priority objectives for the group and for the country: thefemale occupation and the social commitment to facilitate the modal shift towards means of transport with a reduced environmental impact.
“After 3 green bonds placed since 2017 and the additional bilateral transactions finalized between 2020 and 2021 with purposes in line with the principles of ESG finance, the signing of this new Backup Facility marks a further important step for FS in the process of innovation and expansion of the range of sustainable finance products used to cover the needs of the main subsidiaries, testifying to the strategic nature of these tools which allow the strong integration of sustainability objectives into the Group's businesses to be confirmed to the market”, states the company in a note.
Intesa Sanpaolo, Unicredit, Cassa Depositi e Prestiti, Credit Agricole CIB and CaixaBank acted as underwriters & mandated lead arrangers; Banca Popolare di Sondrio as participant; Intesa Sanpaolo, Unicredit and Credit Agricole CIB acted as sustainability coordinators; the role of agent bank was assigned to Intesa Sanpaolo.
