Eni Gets EUR3.0 Billion Sustainability-Linked Credit Line
December 04 2023 - 5:17AM
Dow Jones News
By Pierre Bertrand
Eni said it has signed a new 3 billion-euro ($3.27 billion)
credit line related to two of the company's sustainability-linked
financing framework targets.
The five-year revolving credit line complements a similar EUR6
billion sustainability-linked credit line which was signed in 2022,
the Italian oil major said Monday.
"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," Eni
said.
The credit line was granted by 26 global financial institutions
including Italian banks Mediobanca, UniCredit and Intesa
Sanpaolo.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
December 04, 2023 05:02 ET (10:02 GMT)
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