Leonardo Triumphs: ESG Credit Line Renegotiation Sees Overwhelming Demand ثلاث مرات

• Significant oversubscription, affirming market enthusiasm for Leonardo
• 30% decrease in margin compared to the current credit line, yielding savings on financial expenses, and extending the maturity to 2030
• Conditions reflecting the enhancement in the rating provided by the three leading Rating Agencies
• New ESG metrics incorporated, aligning with the Group’s sustainability strategy

Leonardo has finalized a new revolving credit facility with a consortium of both international and local banks.

The ESG-linked Revolving Credit Facility established is valued at €1.8 billion and spans a period of 5 years.

This new credit line supersedes the previous ESG-linked Revolving Credit Facility, lowering the margin by 30% while prolonging its term until 2030.

The economic terms negotiated reflect the Group’s bolstered creditworthiness, now acknowledged as robust Investment Grade by the three principal Rating Agencies.

Aligning with Leonardo’s sustainability framework and compensation policy, the credit line encompasses two targets pertaining to the Group’s direct and indirect CO2 emission reduction.

The chosen ESG indicators enable the Revolving Credit Facility (‘RCF’) to be categorized among Leonardo’s sustainable financing avenues, which account for about two-thirds of the total accessible sources.

Roberto Cingolani, Chief Executive Officer and General Manager, remarked, “consistent with the Group’s financial strategy, the new credit facility ensures we maintain a robust liquidity stance while minimizing costs. The credit rating enhancements attained in 2025 bolstered our proposed terms during the RCF negotiations, which were favorably received by the banks. Moreover, the validation of the ESG components reaffirms our dedication to sustainability and confidence in the strategy we are advancing.”

The substantial number of participants, totaling 26 banks, along with the oversubscription of approximately €5 billion, further validate the triumph of the transaction, showcasing the banks’ endorsement for Leonardo and their recognition of the Group’s Industrial Plan.

The banking consortium that signed the ESG-RCF consists of the following financial institutions:

• Mandated Lead Arrangers and Bookrunners: Banco Bilbao Vizcaya Argentaria S.A., Milan Branch, Banco BPM S.p.A., Banco Santander S.A / Banco Santander S.A., Milan Branch, Bank of America Europe DAC, BNP Paribas, Italian Branch / Banca Nazionale del Lavoro S.p.A., BPER Banca S.p.A., CaixaBank, S.A., Succursale in Italia, Commerzbank Aktiengesellschaft Filiale di Milano, Crédit Agricole Corporate and Investment Bank – Milan Branch, Deutsche Bank Luxembourg S.A., Intesa Sanpaolo S.p.A., Société Générale – Milan Branch and UniCredit S.p.A..
• Lead Arrangers: Barclays Bank Ireland PLC, Crédit Industriel et Commercial, Citibank N.A., London Branch / Citibank Europe PLC, HSBC Continental Europe, Mediobanca – Banca di Credito Finanziario S.p.A., MUFG Bank, Ltd., Milan Branch and NatWest Markets N.V..
• Co-Arrangers: Banca Passadore & C. S.p.A., Banca Popolare di Sondrio S.p.A., Bank of China LTD., Milan Branch, JP Morgan SE / JPMorgan Chase Bank, N.A., Milan Branch, Morgan Stanley AG and SMBC Bank EU AG Milan Branch.

Credit Agricole and BNP Paribas functioned as ESG Coordinators. Unicredit served as Documentation Agent, with Intesa Sanpaolo S.p.A. stepping in as Facility Agent.

Leonardo has received counsel from Legance while the banking consortium was advised by Clifford Chance as legal advisors.