Fincantieri Signs with Intesa Sanpaolo 500M Euros Resolving Construction Loan

Source: www.gulfoilandgas.com 7/12/2022, Location: Europe

Fincantieri has signed with bank Intesa Sanpaolo (IMI Corporate & Investment Banking Division) a “sustainability linked” revolving credit facility for a maximum amount of 500 million euros. The three-year financing is aimed at covering the financial requirements of the construction of cruise ships. It is defined “sustainability-linked” because it is linked to the achievement of two specific performance indicators (Key Performance Indicator, “KPI”): the sustainability score level, assigned every year by S&P Global with the Corporate Sustainability Assessment (CSA) questionnaire, and the energy efficiency of the cruise ships delivered every year (EEDI Index).

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