Debt and credit rating

Financial position (as of end of September 2021)

 

DEBT MATURITY

Average life:  ≈ 4,4 years

556 500 600 500 500 100 46 19 38 50 63 63 44 25 13 107 157 Team Loan CDP Bond Euro Bond Dollar EIB 2040 2039 2033 2032 2031 2027-30 per annum 2026 2025 2024 2023 2022 2021 In € mil
Years
2021
2022
2023
2024
2025
2026
2027-2030
per annum
2031
2032
2033
2039
2040
Bond Dollar
-
-
-
-
-
-
-
-
-
-
107
157
Bond Euro
-
556
 
600
500
500
-
-
-
-
-
-
EIB
-
46
19
38
50
63
63
44
25
13
-
-
Term Loan
-
-
500
-
-
-
-
-
-
-
-
-
CDP
-
-
-
-
-
100
-
-
-
-
-
-

 

ESG-LINKED REVOLVING CREDIT FACILITY

The ESG-linked Revolving Credit Facility ("ESG-RCF"), signed for € 2.4 billion, is divided into a tranche of € 1.8 billion with a maturity of 5 years and a tranche of € 600 million with a maturity of 3 years

The new RCF replaces the two existing Revolving Credit Facilities, reducing the overall cost of funding available for the Group's financial needs and extending the maturity until 2026.

In line with both Leonardo Sustainability strategy, at the basis of the Industrial Plan, as well as the Long Term Incentive Plan, the RCF is linked for the first time to specific ESG indicators, including the reduction of CO2 emissions through the eco-efficiency of industrial processes and the promotion of women employment with degrees in STEM disciplines. These ESG parameters are also contributing to the achievement of the Sustainable Development Goals (SDGs), which are the basis of ca. 50% of the Group's investments.

The achievement of the targets linked to the ESG indicators will also activate a margin adjustment mechanism applied to the facility