MUFG EMEA’s Japanese Corporate & Investment Banking (JCIB) division congratulates Alcantara S.p.A., the Italian company that shares its name with the material they market and produce globally, on their new EUR100mn Sustainability-Linked Revolving Credit Facility (RCF). The RCF further strengthens Alcantara S.p.A.’s liquidity position and reiterates their commitment to sustainability with three environmental KPI’s including reducing specific Scope 1&2 Green House Gas emissions, increasing the percentage of recycled materials used in production, as well as reducing their production of waste. MUFG EMEA acted as Sole Lender and Sustainability Coordinator. Marco Piccinin, Director and Deputy Head of MUFG EMEA’s JCIB team in Italy, said: “We are proud to have partnered with Alcantara S.p.A. on their Sustainability-Linked RCF, which will, in part, help to support their sustainability-focused ambitions. “MUFG EMEA’s expertise in Sustainable Financing allowed us to support the client throughout the process, and, in close constructive cooperation with Alcantara S.p.A., outline a Sustainability-Linked RCF structure which aligns with Alcantara S.p.A.’s strategic direction and sustainability goals”.
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Global Corporate & Investment Banking - Head of Corporate Coverage Italy
4moWell done to all the colleagues involved!