The transaction which is oversubscribed by 45% by a syndicate of 20 institutions illustrates their trust towards the Group.
This new facility is destined for the general corporate purpose of Eiffage. It will substitute itself to the existing undrawn €1bn credit line maturing in April 2021. Signed for 5 year with 2 possible 1 year extension, this facility lengthen the horizon of the Group means and enhances their terms.
In order to translate the Group’s undertaking in social and environmental matters, this facility margin will partially depend from the Group’s performance in two extra financial domains of deep attention, health & safety and carbon footprint. As such, an improvement on either one of these topics will lead to a reduction in the credit margin. A deterioration would lead to compensation measures in favour of associations and a foundation working in the general interest.
This innovative and virtuous mechanism makes Eiffage one of the first construction and concessions group incorporating this type of undertakings in is financial documentation.
The 20 international financial institutions are:
• Mandated lead arrangers and bookrunners:
BBVA, BNP Paribas, CaixaBank, CIC, Groupe Crédit Agricole (CADIF, CACIB and LCL), Groupe Société Générale (SG – coordinator inc. ESG and documentation - and CdN), Natixis -agent, Santander and UniCredit.
• Mandated lead arrangers:
Commerzbank, HSBC, Intesa, KBC, La Banque Postale, Helaba, Mediobanca, Mizuho, MUFG, Sabadell and SMBC.