(Alliance News) - Terna Spa announced Monday that it has signed an amendment and restatement agreement to increase the amount of the ESG-linked revolving credit facility to EUR2.26 billion.

The credit facility had been signed in May 2023 for EUR1.81 billion, entered into with a pool of financial institutions as joint mandated lead arrangers: Intesa Sanpaolo Spa, BNP Paribas SA, Banco Santander SA, Cassa Depositi e Prestiti Spa, UniCredit Spa and SMBC.

The increase amounting to a total of EUR450 million was achieved through the entry of CaixaBank SA and Crédit Agricole Corporate and Investment Bank as new lenders into the aforementioned pool of lenders. All other terms and conditions of the revolving credit line linked to ESG indicators signed in May 2023 remain firm.

Terna's stock closed Monday down 1.4 percent at EUR7.38 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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