Tag: Sustainable Development Goals

Summary: Amplifon signed the sustainability-linked credit facilities to support its innovation and development initiatives, including sustainable store formats and enhanced financial strategy. Takeaways: Amplifon secured €250 million in credit facilities with UniCredit, CDP, and Crédit Agricole Italia, supporting innovation, sustainability, and global expansion. The credit lines are tied to Amplifon’s Sustainability Plan, with financial incentives linked to achieving specific ESG targets. These new facilities bolster Amplifon’s liquidity and extend its debt maturity, reinforcing the company’s financial structure for long-term growth. Amplifon, a global provider in hearing solutions and services, has signed two new sustainability-linked credit facilities, both amortizing with a 5-year term, for a total amount of 250 million euros (approximately $271 million). The 200-million-euro credit facility signed with UniCredit and Cassa Depositi e Prestiti (CDP) was divided as follows: 100 million euros from UniCredit to support the Group's development initiatives and 100 million euros from CDP which co-financed Amplifon's investments in innovation in Italy. Cassa Depositi e Prestiti provides additional resources to those granted under the loan signed with the European Investment Bank (EIB) last year in July addressed at fostering innovation in Europe. Furthermore, Crédit Agricole Italia, backed by SACE’s Garanzia Futuro, financed for 50 million euros the international roll-out of Amplifon’s new store format, aimed at providing consumers with an immersive and completely personalized experience through visual and digital elements integrated into an innovative and sustainable architectural design. A Focus on Sustainability “These credit lines are linked to specific targets of our sustainability plan contributing to our ongoing journey towards a further integration of ESG factors into the group's business and financial strategy,” says Amplifon CEO Enrico Vita. “With the agreements announced today, the number of sustainability-linked facilities signed from 2021 to today rise to five for a total amount of 850 million euros, testifying to our ambition to create value for the benefit of all stakeholders". In line with Amplifon's sustainability strategy, both credit lines are linked to specific indicators of the Sustainability Plan, the achievement of which will activate a margin adjustment mechanism applied to each loan. Through these facilities, characterized by particularly favorable conditions, Amplifon further optimizes its financial structure thanks to an even more solid liquidity position, more diversified sources of funding and an extension of the average debt maturity. Photo: Amplifon

Tag: Sustainable Development Goals

All

Amplifon Signs New Sustainability-Linked Credit Facilities for Over $250 million

Amplifon Gets Recognition for Climate-Conscious Work

WHO Launches Guide for Hearing Screening Programs, Webinar series

Sivantos Reports Sustainability Progress as UN Global Compact Member

World Health Organization Releases New Noise Guidelines for European Region

Hearing Technology Manufacturers Call for EU Response to Hearing Loss

UN-Affiliated Organization Names Starkey Founder Bill Austin as Goodwill Global Ambassador

All

Sorry, No Posts Found

All

Sorry, No Posts Found

Sorry, No Posts Found

The Hearing Review

Our Parent Company

Key Resources

Helpful Links