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A loan for the construction of a cruise ship signed

By Fincantieri, Intesa Sanpaolo and CdP for EUR 300 million

Fincantieri has signed the first sustainability-linked constructionloan with bank Intesa Sanpaolo (IMI Corporate & Investment Banking Division) and Cassa Depositie Prestiti for a maximum amount of 300 million euros.The financing revenues are intended to cover the financial requirements of the construction of acruise ship with delivery expected in 2023.

The terms of financing, defined as “sustainability-linked”, envisage a benefit or a penalty forFincantieri upon expiry according to the achievement of specific ESG (Environment, Social,Governance) indicators (Key Performance Indicator, “KPI”) envisaged in the company’s 2018–2022Sustainability Plan. These KPIs relate to efficient energy consumption management, supply chainsustainability and employee training.

Given the progress with the construction of the cruise ship to date, Fincantieri expects to use the sustainably-linked loan partially by the end of 2021.

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AVIONEWS - World Aeronautical Press Agency