The IMI Corporate & Investment Banking Division of Intesa Sanpaolo and Italian Exhibition Group, a leading company in Italy in the organization of international trade fair events, announced the subscription of a EUR 33M Sustainability Linked loan.
The credit line (maturing in 2027), aimed at refinancing the existing debt subscribed in the COVID period and guaranteed by SACE, will allow the exhibition group to benefit from an improved financial structure and a reduction in the cost of debt.
The financing provides for a bonus mechanism on the interest margin upon achievement of specific sustainability objectives in the area of decarbonisation and ESG incentives for employees, consistent with the commitments stated in the 2023-2028 Strategic Plan of the Italian Exhibition Group.
