Lucart, a multinational group that promotes a sustainable way of producing paper with brands tenderly e LucartProfessional, obtained from a pool of banks a financing of 101,4 million euros over 6 years which will serve to increase its commitment towards aThe circular economy, With the reduction of water consumption and waste recovery.
“Sustainability is the element that inspires our innovations and relationships with our stakeholders” – he declared Andrew Fano, Chief Financial Officer of Lucart -. We are therefore happy to see how our path is followed and supported by the most important credit institutions in the country who appreciate our business model and our approach determined to optimize the use of raw materials and reduce waste by transforming it into new resources. The loan obtained is part of a process of strengthening the capital structure of the Group to support the ambitious growth plan envisaged by our Strategic Plan”.
Lucart financing: Unicredit leads the pool of banks, guaranteed by Sace
The funding was granted by a pool of institutions composed with Unicredit in the role of Global Coordinator and Intercreditor Agent, and BNL BNP Paribas, Banco BPM, BPER Banca, Crédit Agricole Italia, Intesa Sanpaolo-IMI Corporate & Investment Banking Division in the role of Joint Mandated Lead Arrangers with UniCredit and MPS Capital Services. UniCredit and Intesa Sanpaolo also acted as Sustainability Coordinator, Facility Agent and SACE Agents.
The operation is assisted by SACE guarantee, aimed at supporting the plans of growth of Italian companies, he has one duration of 6 years and is divided into four loans, two of which are Sustainability-Linked thanks to the introduction of agreed sustainability targets. The objectives identified concern topics that are relevant for Lucart and for the sector to which it belongs, also in the light of the PNRR, such as the reduction of water consumption and waste recovery.
The sum is intended to support and give continuity to investments in support of the circular economy and the implementation, in the production chain, of plants and machinery with greater efficiency of water and energy resources, says a note from the historic Lucca-based company.
“SACE and Lucart have built up a solid and successful relationship over the years,” said Marco Mercurio, Central North Mid Corporate manager of SACE. "We are therefore happy to continue to support the growth plans of this Tuscan excellence, which has always invested in innovation and sustainability".
Andrea Burchi, Regional Manager Center North Unicredit commented: “We are proud to have also led this new financing operation for Lucart. This confirms the ability of our Group to ensure continuity of support to the productive excellence of the territory. We work to help them reconcile business and sustainability issues, intercepting their needs and responding with specific solutions capable of accompanying their ESG investments. Sustainability is a determining factor in the development paths of companies and UniCredit is committed to concretely supporting companies in the transition towards production models with a lower environmental impact".
Richard Zatta, Global Corporate Head of the IMI CIB Division of Intesa Sanpaolo declares: “Lucart represents an Italian and international excellence that has been able to embrace the issues of environmental sustainability for some time. The Intesa Sanpaolo Group is at the forefront of supporting customers towards the transition to an economy with low emissions through specific loan limits and a vast range of sustainable and responsible investment products”.
In the context of the transaction, the banks were assisted by Legance – Avvocati Associati, with the partner Guido Iannoni Sebastianini, the senior associate Alessia Solofrano and the associate Federico Liberali.
