NEXTCHEM (MAIRE) strengthens its financial structure
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
MAIRE has announced that NEXTCHEM S.p.A. has signed a new €125 million loan agreement, 70% backed by SACE S.p.A.’s ‘Garanzia Archimede’, strengthening its funding power to support investments in technological innovation and R&D.
The credit facility will have a maturity of seven years, including a two-year grace period. It will bear a variable interest rate based on the three-month Euribor plus a 1.6% margin, in addition to the cost of SACE’s guarantee, and may be repaid in full or in part at any time without penalties.
In accordance with the ‘Garanzia Archimede’ – a tool introduced by the 2024 Budget Law to support new investments by Italian companies – the financing will primarily support strategic investments, including M&A, technological innovation, digitalisation, ecological transition, and R&D projects of NEXTCHEM S.p.A., the Italian-based company leading the Sustainable Technology Solutions business unit, and its subsidiaries.
The financing will be provided by a pool of major Italian financial institutions including Banca Monte dei Paschi di Siena, Banco BPM, BNL BNP Paribas, Cassa Depositi e Prestiti, Intesa Sanpaolo (IMI Corporate & Investment Banking Division). Intesa San Paolo will also act as SACE Agent, Global Coordinator, Sustainability Coordinator and Facility Agent.
Fabio Fritelli, Managing Director of NEXTCHEM, said: “With this new financing, NEXTCHEM is in an even stronger position to face the challenges of energy transition and sustainability. The support of Garanzia Archimede allows us to accelerate our investments in technological innovation and R&D, strengthening our leadership in the sustainable solutions sector. We are eager to continue delivering cutting-edge technologies that will drive the future of the green industry.”
Read the article online at: https://www.hydrocarbonengineering.com/the-environment/02012025/nextchem-maire-strengthens-its-financial-structure/
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