The loan will optimize the debt structure of the company, which is a leader in industrial automation
UniCredit has acted as Global Coordinator, Sole Bookrunner, Sustainability Coordinator, Mandated Lead Arranger, Sole Pre-Hedging Bank and Agent Bank in the € 100 million rollercoaster loan to the Datalogic Group, an industry leader in the production of automatic data-reading systems and industrial automation.
The seven-year loan was disbursed in club deal alongside Banco BPM and BNL and will allow the company to optimize its debt structure.
The innovative structure of the loan allows progressive drawdowns of liquidity according to the customer's needs until the maximum amount is reached, and then starts a constant amortization with a final maxi-instalment. This feature will allow Datalogic to further reduce its cost of debt by simplifying its medium/long-term debt structure whilst, at the same time extending its duration.
The contract also incorporates, for the first time in Datalogic's history, multi-year ESG commitments, with the margin of the new credit line partly linked to two strategic targets in the field of energy transition and social responsibility. More specifically, the first objective concerns obtaining the ISO 14001-2015 certification for all production sites, while the second relates to the SA8000 certification for the operating holding DL s.r.l.
This transaction, which underlines UniCredit's commitment to supporting customers in achieving their ESG objectives, confirms the bank's long-lasting support and further strengthens the relationship between UniCredit and Datalogic as part of a strategic partnership to support the latter's international growth.
Milan, 19 November 2021
UniCredit Media Relations
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