• Refinanced the debt expired in January 2026 with a € 600 million Term Loan maturing in 2031
• Confirmed positive market appreciation for Leonardo with a 2X oversubscription 
• ESG Indicators included, in line with the Group’s sustainability strategy

Leonardo has signed a new Term Loan ESG-linked with a pool of international and domestic banks.

The Term Loan signed, for an amount of € 600 million, has a duration of 5 years. The repayment plan includes two years of grace period and proportional payments starting from the third year with a final maturity date in 2031. 

The new line of credit aims to refinance a portion of Leonardo’s debt, matured and reimbursed in January 2026, and will enable the Group to meet its ordinary and extraordinary liquidity needs in the coming months leaving the availability of the short-term lines of credit unchanged. The Term Loan has obtained a 2X oversubscription. 

The terms negotiated reflect the Group’s strengthened creditworthiness recognised by the Rating Agencies and the growing interest of banking market towards Leonardo, perceived as a leading player in the European AD&S sector. In line with Leonardo’s sustainability strategy and with first Group’s Transition Plan, as well as with Leonardo’s remuneration policy, the credit line integrates targets related to Group’s CO2 emission reduction.

“In line with our financial strategy, the new Term Loan allows us to satisfactorily meet our future financial commitments, while maintaining the availability of short-term lines of credit to support working capital. The high oversubscription confirms positive appreciation for the Group’s industrial strategy. Furthermore, the confirmation of the ESG linkage, in line with other financial instruments signed in the last years, reaffirms our commitment to sustainability and its complete integration in the Business”, stated Roberto Cingolani, CEO and General Manager.

The selected ESG parameters allow the Term Loan to be included within Leonardo’s sustainable financing sources, which represent approximately 80% of the total available sources.

The pool that signed the Term Loan is composed of the following banks:  
•    Mandated Lead Arrangers and Bookrunners: Banco Bilbao Vizcaya Argentaria S.A., Milan Branch, Banco BPM S.p.A., Banco Santander S.A / Banco Santander S.A., Milan Branch,  BNP Paribas, Italian Branch / Banca Nazionale del Lavoro S.p.A., BPER Banca S.p.A., CaixaBank, S.A., Succursale in Italia, Commerzbank Aktiengesellschaft Filiale di Milano, Crédit Agricole Corporate and Investment Bank – Milan Branch, Deutsche Bank Luxembourg S.A., Intesa Sanpaolo S.p.A., Société Générale - Milan Branch and UniCredit S.p.A.. 
Credit Agricole e BNP Paribas acted as ESG Coordinators. Unicredit acted as Documentation Agent and Facility Agent.

Leonardo has been assisted by Chiomenti and the pool of banks by Clifford Chance as legal advisors.