MAIRE successfully completes a €115 million top-up of its Sustainability-Linked Schuldschein loan, bringing the total amount of the financing to €300 million
PRESS RELEASE- Fully exercised the upsize option envisaged at the time of the initial placement on 20 April 2026
- The loan is structured in two tranches, with maturities of three and five years, carrying margins of 1.50% and 1.70%, respectively, over 6-month Euribor
Milano, 14 July 2026 - MAIRE (MAIRE.MI) has successfully completed the top-up placement of €115 million of the Sustainability-Linked Schuldschein Loan initially placed on 20 April 2026 for €185 million.
The top-up brings the total amount of the loan to €300 million, in line with the upsize option envisaged at the time of launch.
As previously announced, the senior unsecured loan comprises two tranches with maturities of three and five years, both at variable interest rates. The applicable margin on the 6-month Euribor will be 1.50% and 1.70% respectively for the 3-year and 5-year tranches. Additionally, pricing is linked to the achievement of specific decarbonization targets in accordance with the Sustainability-Linked Financing Framework adopted in October 2025.
The proceeds will be used for general corporate purposes, as well as for the early repayment of existing facilities.
The loan was placed with domestic and international banks and financial institutions, primarily from Europe and Asia, and the private placement is governed by German law.
BNP Paribas, BPER – Corporate & Investment Banking Division, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Intesa Sanpaolo (IMI CIB Division), and UniCredit Bank GmbH acted as arrangers. Crédit Agricole Corporate and Investment Bank acted as Sustainability Coordinator, while UniCredit Bank GmbH acted as Paying Agent.
Mariano Avanzi, CFO of MAIRE, commented: “We are pleased to announce the successful completion of the top-up of our Sustainability-Linked Schuldschein loan, which brought the total amount to €300 million, the maximum envisaged at launch. This result once again demonstrates investors’ confidence in the Group’s financial strength and in MAIRE’s sustainable growth path. The financing also enables us to further optimize our financial structure by extending our debt maturity profile, reducing the average cost of debt, and maintaining a high degree of financial flexibility to support our strategic priorities.”