CBA with the Favini Group in obtaining a €75 million sustainability linked loan to support the new 2024-2029 business plan.
The Favini Group, a historic Italian company and leader in the production of sustainable papers and innovative specialty graphics based on natural raw materials for luxury packaging and fine printing, has obtained a €75 million sustainability linked loan from a pool of financial institutions led by UniCredit and composed of BNL BNP Paribas, Cassa Depositi e Prestiti and Sparkasse-CR Bolzano. The financing is to support the new 2024-2029 business plan and includes a bonus mechanism with a positive impact on the interest rate if the company achieves specific sustainable targets.
The company's business plan is aimed at supporting growth in the luxury packaging sector by expanding its high-value product offering and improving customer service. The investments included in the plan also include a substantial increase in the energy efficiency of the Rossano Veneto plant (province of Vicenza) in order to strengthen the company's typical ecological footprint. In structuring the deal UniCredit acted as Mandated Lead Arranger, Global Coordinator, ESG Coordinator and Agent Bank, BNL BNP Paribas stepped in as ESG Co-Coordinator and together with CDP and Sparkasse-CR Bolzano financed the Company's projects.
The advisors involved
CBA Studio legale e tributario assisted the Favini Group with a multidisciplinary team led by partners Francesco Dialti, assisted by senior associate Vincenzo Cimmino and associate Lucrezia Ghezzi for banking law aspects, Michele Citarella, for tax law aspects, and Riccardo Papetti and Laura Elena Cinquini, for corporate law aspects.
Molinari Agostinelli assisted the lenders with a team composed of partner Marco Leonardi and associate Edoardo Testagrossa.