Iren communicated to the market that it had signed a term loan line of credit with Intesa Sanpaolo for an amount equal to 150 million euros, with a bullet duration of 6 years and linked to the achievement of the group’s sustainability objectives. The transaction contributes to a further strengthening of the liquidity profile, keeping it adequate at current rating levels; it also presents market conditions of absolute interest and contractual and duration conditions in line with the standards of the group.
“The signing of this credit line with Intesa Sanpaolo strengthens our commitment to sustainable development, an integral part of our business plan, and confirms Iren’s commitment to consolidating its business model which considers sustainability as a strategic lever also for financial nature for the creation of value for the benefit of all our stakeholders “, commented Gianni Vittorio Armani, CEO of Iren.