Immobiliare Grande Distribuzione SIIQ S p A : The Company and a pool of primary national and international lenders executed a green facility agreement for an amount equal to euro 215 million
Published on 08/02/2022 at 09:51,
updated on 08/02/2022 at 09:52
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PRESS RELEASE
THE COMPANY AND A POOL OF PRIMARY NATIONAL AND INTERNATIONAL LENDERS EXECUTED A GREEN FACILITY AGREEMENT FOR AN AMOUNT EQUAL TO EURO 215 MILLION
Bologna, 2 August 2022. IGD - Immobiliare Grande Distribuzione S.p.A. (the "Company") announces that today it has executed with BNP Paribas in its capacity of Global Coordinator and Green Coordinator and Banca Nazionale del Lavoro S.p.A., Banco BPM S.p.A., Cassa Depositi e Prestiti S.p.A., China Construction Bank, Deutsche Bank S.p.A., Intesa Sanpaolo S.p.A. and MPS Capital Services Banca per le Imprese S.p.A., in their capacity of Arrangers and Lenders, a facility agreement pursuant to which the relevant lenders make available to the Company a green facility of Euro 215 million, with three years maturity and an extension option in favor of the Company up to five years.
The loan will be used to finance and/or refinance, in whole or in part, the so-called Eligible Green Projects referred to in the Company's Green Financing Framework, which has been established in accordance with the Green Bond Principles 2021 as administered by the International Capital Market Association (ICMA) and the Green Loan Principles 2021 as administered by the Loan Market Association (LMA). In this context the Company will refinance its existing indebtedness with a pool of lenders for a maximum original amount of Euro 200 million, granted under the terms and conditions set out in the facility agreement signed on October 16, 2018.
By means of this transaction, the Company has confirmed its commitment in the transition to a sustainable economy and in reaching the sustainability targets outlined in our 2022-2024 Business Plan.
"Sustainability is part of the DNA of IGD Group. We are convinced that adopting social and environmental responsible mind-set is the path to healthy and long-lasting growth in the real estate sector. This first Green Facility Financing, in line with the requirements set forth in the Green Financing Framework published last March, is the demonstration that IGD wants to be at the forefront in facing the many challenges posed by the ESG issues, confirming the commitment in obtaining financial instruments which are consistent with our decarbonization strategy." declared Claudio Albertini, CEO of the Company.
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IGD - Immobiliare Grande Distribuzione SIIQ S.p.A.
Immobiliare Grande Distribuzione SIIQ S.p.A. is one of the main players in Italy's retail real estate market: it develops and manages shopping centers throughout the country and has a significant presence in Romanian retail distribution. Listed on the Star Segment of the Italian Stock Exchange, IGD was the first SIIQ (Società di Investimento Immobiliare Quotata or real estate investment trust) in Italy. IGD has a real estate portfolio valued at circa €2,140.5 million at 31 December 2021, comprised of, in Italy, 19 hypermarkets and supermarkets, 27 shopping malls and retail parks, 1 plot of land for development, 1 property held for trading and 6 other real estate properties. Following the acquisition of the company Winmark Magazine SA in 2008 14 shopping centers and an office building, found in 13 different Romanian cities, were added to the portfolio. An extensive domestic presence, a solid financial structure, the ability to plan, monitor and manage all phases of a center's life cycle, leadership in the retail real estate sector: these qualities summarize IGD's strong points.
www.gruppoigd.it
CONTACTS INVESTOR RELATIONS
CONTACTS MEDIA RELATIONS
CLAUDIA CONTARINI
IMAGE BUILDING
Investor Relator
Cristina Fossati,
+39 051 509213
+39 02 89011300
claudia.contarini@gruppoigd.it
igd@imagebuilding.it
The press release is available on the website www.gruppoigd.it, in the Investor Relations section, and on the website www.imagebuilding.it, in the Press Room section.
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IGD SIIQ S.p.A. published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 13:51:04 UTC.
Immobiliare Grande Distribuzione SIIQ SpA, formerly Immobiliare Grande Distribuzione Societa di Investimento Immobiliare Quotata SpA, is an Italy-based company engaged in the real estate sector. The Company is primarily active in the property purchase, development, management and leasing. Additionally, it provides various services related to real estate sector, including promotion of newly opened, expanded or restructured centers; rotation of existing retailers, and facility management services, such as security, cleaning and ordinary maintenance. As of December 31, 2011, the Companyâs portfolio consisted of properties in Italy, including 19 hypermarkets and supermarkets, 19 shopping malls and retail parks, one city center property, four plots of land for direct development, one asset held for trading and 7 others, and properties in Romania, including 15 shopping centers and one office building. It operates through Punta di Ferro Srl.
Immobiliare Grande Distribuzione SIIQ S p A : The Company and a pool of primary national and international lenders executed a green facility agreement for an amount equal to euro 215 million