Crédit Agricole CIB successfully closes €800m sustainability-linked financing package for Campari Group

Green finance
20/06/2023

The Bank acted as MLA and Joint ESG Coordinator

We are delighted to announce that Crédit Agricole CIB recently signed a new Syndicated € 800m Sustainability-linked Financing Package (the “Financing”) for Davide Campari-Milano – an Italian listed spirits company with over 50 premium and super premium brands, marketed and distributed in over 190 markets around the world, with leading positions in Europe and the Americas. 

Crédit Agricole CIB acted as MLA and Joint ESG Coordinator.

The Financing comprises (i) an €400m 6Y amortizing Term Loan expiring on 30 June 2029 and (ii) an €400m 5Y+1Y Revolving Credit Facility maturing on 30 June 2028, unless extended (at banks’ discretion) until 30 June 2029.

The Financing is Sustainability-linked with three KPIs out of which two relate to Environmental (emissions reductions and responsible use of water) and one to Social sustainability (gender equality).  Campari Group is committed to reducing GHG emissions intensity (kgCO2e/L) from the total value chain (Scope 1, 2 and 3) by 30% by 2030, to lower water usage intensity (L/L) by 60% by 2025 and by 62% by 2030, and to elevate female leadership increasing the proportion of women in management roles up to 40% by end of 2027.
The Financing is in line with Campari Group’s goal to fully integrate its’ sustainability strategy into its business activity, including financing, aimed at contributing to the attainment of the Sustainable Development Goals (SDGs) established under the UN 2030 Sustainable Development Agenda.

“Campari Group is a longstanding and valued client of the Bank.  We have supported Campari Group on a number of deals throughout the years both on Syndicated Loans and Acquisition Financing. We would like to thank Campari Group for their trust in us and we look forward to continuing to supporting them on their sustainability journey now and in the future.”
Ilario Cavallaro, Assistant Director, Corporate & Leveraged Finance.

“The Campari Group is one of the key clients of the Wine & Spirits franchise of Crédit Agricole CIB, with which we enjoy a historical relationship. We are proud of having supported – once more – Campari Group in the set-up of a EUR 800m sustainability-linked financing package, acting with the roles of MLA and Joint ESG Coordinator.”
Alberto Bezzi, Senior Banker.
 

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