Industrie De Nora Secures €100 Million Financing

Industrie De Nora, an Italian multinational listed on Euronext Milan and specialised in electrochemistry, as well as a leader in sustainable technologies and the green hydrogen industry, has optimised its financial structure through the execution of a new revolving credit facility and the early repayment of the outstanding amount of a senior loan originally granted to meet the Group’s corporate and working capital needs.

The overall transaction, for a total amount of €100 million, was arranged and financed by a pool of banks comprising UniCredit (also acting as Global Coordinator and Agent Bank), Banca Nazionale del Lavoro, Crédit Agricole Corporate and Investment Bank, Crédit Agricole Italia, Intesa Sanpaolo and Mediobanca – Banca di Credito. The financing also includes the option to define certain ESG KPIs, which may be implemented in the coming months and agreed with the support of Crédit Agricole CIB as Sustainability Coordinator.

Linklaters advised Industrie De Nora with a team comprising partner Francesco Faldi, counsel Alessandra Ortelli, managing associate Sara Giugiario and trainee Rosa Maria Moschella. The tax aspects of the transaction were handled by managing associates Eugenia Severino and Luigi Spinello.

The arranging and lending banks, as well as Crédit Agricole CIB in its role as Sustainability Coordinator, were advised by Greenberg Traurig with a team led by partners Riccardo Agostinelli and Marco Leonardi and composed of senior associate Alessandro Pallavicini and trainee Lucrezia Naronte.

Image: © Reuters