MILAN, ITALY – Amplifon (EXM; Bloomberg ticker: AMP:IM) has announced the signing of a new sustainability-linked revolving credit facility with a pool of banks for a total amount of €300 million euros. This new facility, with a 3-year term and an extension option for 2 additional years, enhances Amplifon’s financial flexibility, fortifies its liquidity position, diversifies funding sources, and extends the average debt maturity.
Aligned with Amplifon’s sustainability strategy, the revolving credit facility is directly linked to specific indicators of the company’s Sustainability Plan, which contribute to achieving certain Sustainable Development Goals (SDGs) outlined in the United Nations 2030 Agenda. The credit line includes a margin adjustment mechanism that will be activated upon achieving the targets associated with environmental, social, and governance (ESG) indicators.
This marks another significant step for Amplifon in integrating ESG objectives into its business and financial strategy. Building upon the two ESG-linked credit facilities pursued in 2021, this new agreement showcases the company’s commitment to creating value for all stakeholders. Amplifon aims to align its operations with sustainable practices while contributing to the broader global sustainability agenda.
The credit line has been granted by a prestigious pool of global financial institutions, including BNP Paribas (Milan Branch), CaixaBank S.A. (Succursale Italiana), Crédit Agricole Corporate and Investment Bank (Milan Branch), and UniCredit S.p.A., with Banca Nazionale del Lavoro S.p.A. acting as the agent.
Legal advisory services were provided by White & Case for Amplifon S.p.A and Clifford Chance for the pool of banks.
About Amplifon
Amplifon, global leader in the hearing care retail market, empowers people to rediscover all the emotions of sound. Amplifon’s around 19,400 people worldwide strive every day to understand the unique needs of every customer, delivering exclusive, innovative and highly personalized products and services, to ensure everyone the very best solution and an outstanding experience. The Group, with annual revenues of over 2 billion euros, operates through a network of over 9,300 points of sale in 25 Countries and 5 continents. More information about the Group is available at: https://corporate.amplifon.com.
Source: Amplifon
