MAIRE successfully places a new €185 million Sustainability-linked Schuldschein loan aimed at refinancing existing facilities, optimizing its average cost of debt
PRESS RELEASE- The loan is structured in two tranches, with maturities of three and five years, carrying margins of 1.50% and 1.70%, respectively, on the 6 month Euribor, for a total amount of €185 million
- Further major financial transaction linked to the achievement of the Group’s decarbonization targets which follows the Sustainability-Linked Bond issued in November 2025
Milan, 20 April 2026 –MAIRE (MAIRE.MI) raised €185 million through its third Sustainability-linked Schuldschein Loan (a private placement governed by German law).
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[1].
The proceeds will be used for general corporate purposes, primarily for the early repayment of existing facilities.
The loan was placed with national and international banks and financial Institutions mainly from Europe, Asia and the Middle East, also receiving the support of Cassa Depositi e Prestiti.
The facility provides an option to increase the total loan amount up to €300 million by the end of July, reflecting the flexibility built into the financing structure to support the Company’s strategic priorities.
BNP Paribas, BPER – Corporate & Investment Banking Division, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Intesa Sanpaolo (IMI CIB Division), UniCredit Bank GmbH acted as arrangers. Crédit Agricole Corporate and Investment Bank acted as sustainability coordinator and UniCredit Bank GmbH is also the paying agent.
Mariano Avanzi, CFO of MAIRE, commented: “We are delighted to announce the successful placement of this Sustainability-linked Schuldschein Loan, which will enable us to further optimize our financial structure. After the issuance of the Sustainability-linked Bond a few months ago, this continued interest underscores the market’s confidence in MAIRE’s financial soundness and commitment to sustainable growth.”
[1] The loan provides for a margin step-up in the event that the following decarbonization targets set in the Sustainability-Linked Financing Framework are not met by 31 December 2028: (i) 28% reduction of MAIRE Group’s direct and indirect CO2 emissions (Scope 1 and Scope 2 GHG Emissions) compared to the 2024 baseline; (ii) reach a 20% share of suppliers, based on emissions related to purchased goods and services (Scope 3, Cat.1), having adopted science-based reduction targets (SBTs).