Brief: NOS Contracts 350 Mln Euros Of Sustainable Finance Lines

Nos SGPS SA

02/02/2023 07:36

Feb 2 (Reuters) - NOS SGPS SA  NOS.LS :
    * CONTRACTS 350 MILLION EUROS OF SUSTAINABLE LINES
    * CONTRACTS 350 MILLION EUROS IN LOANS, INDEXED TO
SUSTAINABILITY
OBJECTIVES, DIVIDED BETWEEN BOND LOANS AND COMMERCIAL PAPER
PROGRAMMES MATURING IN 2028, WITH FIVE FINANCIAL INSTITUTIONS
    * THESE BANK LOANS ANTICIPATE NOS REFINANCE NEEDS FOR 2023
AND ARE
WITHIN THE NOS SUSTAINABILITY-LINKED FINANCING FRAMEWORK
    * NEW LINES ARE INDEXED TO NOS' TARGET TO REDUCE GREENHOUSE
GAS
FROM OWN OPERATIONS BY AT LEAST 80% BY 2025 IN RELATION TO 2019
    * AFTER CONTRACTING THESE FACILITIES AND REPAYING 300
MILLION EURO
BOND ISSUE THAT MATURES NEXT MAY, AROUND 70% OF NOS' CONTRACTED
DEBT WILL BE ASSOCIATED TO SUSTAINABILITY METRICS AND TARGETS
    * THESE LOANS CONTRIBUTE POSITIVELY TO MAINTAIN NOS' AVERAGE
COST
OF DEBT AT COMPETITIVE LEVELS IN RELATION TO NATIONAL AND
EUROPEAN COUNTERPARTS AND TO EXTEND MATURITIES

Source text: https://bit.ly/3kRTJti
Further company coverage:  NOS.LS 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))