Hogan Lovells advises Italgas on 600 million Sustainability Linked facility

Hogan Lovells advises Italgas on €600 million Sustainability Linked facility

Press releases | 08 March 2024

Milan, March 8, 2024 - Global law firm Hogan Lovells has advised Italgas S.p.A on its €600 million sustainability-linked facility with a maximum maturity of five years granted by a pool of Italian and international banks.

The revolving credit facility, which will enable the Italgas Group to rely on a new source of financing for its future needs, is linked to Key Performance Indicators (KPIs) related to the reduction of Scope 1 and 2 emissions and women in responsible positions, consistent with the targets set in the Strategic Plan 2023-2029 and the Sustainable Value Creation Plan.

The agreement also includes a step-up mechanism of the applicable margin in case of a failure to meet sustainability targets.

The team that advised on the transaction was led by partner Alessandro Accrocca with support from associate Edoardo Minnetti and trainee Noemi Biagini.