The Italian state-owned railway group Ferrovie dello Stato Italiane has increased the amount of a revolving credit facility linked to sustainability goals from EUR 3.5 billion to EUR 4.5 billion. The financing will support the company’s liquidity and its investment program.

Ferrovie dello Stato Italiane (FS), Italy’s state-owned railway group, has finalized the expansion of a sustainability-linked revolving credit facility, bringing its total value to EUR 4.5 billion.

The credit line was increased by EUR 1 billion, from the previous level of EUR 3.5 billion. The maturity remains unchanged at June 2027, and the group of participating banks is the same.

The revolving credit facility allows the company to draw down, repay, and reuse funds within the agreed-upon limit, depending on its financing needs.

FS states that the increase will be used to cover the group’s current liquidity needs, including intercompany financing, and to enhance the financial flexibility required for its investment program.

The sustainability-linked nature of the facility involves linking certain financial conditions to the achievement of environmental or sustainability indicators established in the contract.

The Italian group believes that the expansion of the financing confirms its ability to attract capital from the market and the banks’ confidence in its credit profile and business model.

The banking syndicate providing the facility consists of:

BNP Paribas, BPER, CaixaBank, Cassa Depositi e Prestiti, Crédit Agricole CIB, Crédit Agricole Italia, ING, Intesa Sanpaolo, and UniCredit.

The new limit of EUR 4.5 billion provides FS with a larger financial reserve to carry out its projects and manage any fluctuations in cash requirements, without changing the agreement’s maturity date.