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Telefonica refinances EUR 5.5 billion loan under ESG criteria

Friday 14 January 2022 | 08:52 CET | News
Telefonica said it has completed the refinancing of its main syndicated facility of EUR 5.5 billion and linked it to two sustainability objectives. The company, a pioneer in sustainable financing, extending the maturity of the loan to five years, with two annual extension option, up to a maximum maturity of seven years in a transaction supported by around 30 entities, with an oversubscription of more than 30 percent. The move is part of Telefonica's plan to increase the weight of finance linked to Environmental, Social and Governance (ESG) commitments to over EUR 10 billion in the coming

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Categories: General
Companies: Telefonica
Countries: Spain / World
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