Eni signs new €3b Sustainability-Linked credit line
London, 04 December 2023, (Oilandgaspress): – Eni has signed a five-year Sustainability-Linked revolving credit line worth €3 billion, related to two targets of Eni’s Sustainability-Linked Financing Framework, last updated in April 2023. The new facility will further strengthen Eni’s financial flexibility, complementing a similar €6 billion Sustainability-Linked credit line signed in 2022.
The margin of the new credit line is linked to the achievement of sustainability targets relating to Net Carbon Footprint Upstream (Scope 1 and 2), as well as to the installed capacity for the production of electricity from renewable sources.
The credit line is granted by 26 leading global financial institutions. These include: Mediobanca (global coordinator, documentation and facility agent), MUFG (global and sustainability coordinator), Citi and Natixis (global coordinators), in addition to HSBC, UniCredit, and Intesa Sanpaolo (bookrunners), Bank of America, BNP Paribas, BPER Banca, Société Générale, and Wells Fargo (mandated lead arrangers), Agricultural Bank of China, BBVA, Banco BPM, Barclays Bank, Credit Agricole CIB, Deutsche Bank, DNB Bank, First Abu Dhabi Bank, Goldman Sachs, J.P. Morgan, National Bank of Kuwait, Santander Corporate & Investment Banking, SMBC Bank, and Standard Chartered (lead arrangers).
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