A new credit facility package linked to sustainability goals in favour of Tod’s

The IMI Corporate & Investment Banking Division of Intesa Sanpaolo has structured in favour of Tod’s new credit facilities of EUR 500M, with a final maturity of 5 years, composed of a Term Facility of EUR 250M and a Revolving Credit Facility of EUR 250M.

The financing, through a mechanism linked to the achievement of specific Environmental, Social, Governance (ESG) goals, strengthens the already solid financial structure of Tod’s Group and mitigates its risk profile linked to the current market scenario.

Through a sustainable hedging, Intesa Sanpaolo also supported the Company in covering the exposure to interest rates fluctuations linked to the financing. The hedging strategy uses an ESG-linked interest rate swap, which provides the reduction of the fixed rate paid on the basis of the achievement of the same sustainability targets as in the financing.

Intesa Sanpaolo has coordinated a pool of banks and acted as sole Global Coordinator, Bookrunner, Mandated Lead Arranger, sole Sustainability Coordinator, Original Lender and Facility Agent.