Clifford Chance has advised the financial institutions involved in two new sustainability-linked credit facilities for Amplifon, the global leader in hearing solutions and services, amounting to a total of €250 million. Both facilities are amortizing over a 5-year term and support the company’s strategic initiatives in sustainability and innovation.
The first credit facility, totaling €200 million, was signed with UniCredit and Cassa Depositi e Prestiti (CDP). It includes €100 million from UniCredit, aimed at supporting Amplifon’s growth and development initiatives, and €100 million from CDP, which will co-finance the company’s innovation-focused investments in Italy. The funding provided by CDP complements resources already made available through a loan agreement with the European Investment Bank (EIB) in July 2023, which is dedicated to promoting innovation across Europe.
In addition, Crédit Agricole Italia, supported by SACE’s Garanzia Futuro, extended a €50 million facility to finance the international rollout of Amplifon’s new store format. The initiative aims to enhance customer experiences through a personalized and immersive approach, integrating visual and digital elements into a sustainable and innovative architectural design.
These credit lines are closely aligned with Amplifon’s sustainability strategy, as they are linked to specific targets set out in the company’s Sustainability Plan. The achievement of these targets will activate a margin adjustment mechanism for each loan, incentivizing progress on the company’s environmental, social, and governance (ESG) goals. Through these facilities, Amplifon optimizes its financial structure by reinforcing liquidity, diversifying funding sources, and extending the average debt maturity.
The Clifford Chance team advising on the transaction was led by partner David Neu and counsel Filippo Tassoni, with support from associates Giuseppe Chiaula and Francisco Santini, and trainee lawyer Elia Brustia.
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