Pusterla 1880 becomes the first company in the packaging sector in Europe to issue a Euro PP in the Sustainability-Linked Bond format. This issuance also positions Pusterla 1880 as a pioneer in the mid-market segment in Italy.
Pusterla 1880 becomes the first company in its sector to issue senior bonds Sustainability-Linked. This 25 M € issuance of Sustainability-Linked Euro PP (ISIN code: IT0005436677) further strengthens the financial structure of Pusterla 1880 and supports its external growth strategy. These securities listed on Euronext Access are characterized by a coupon that will be adjusted according to the level of key ESG performance indicators agreed with the investors.
Roberto Marini, CEO and Luca Meana, CFO (and Chairman of the Board of Directors) of Pusterla 1880 comment: “This financing consolidates the sustainable development strategy of Pusterla 1880. Over the years we strengthened our approach to sustainability, with the launch of several solutions offering reduced environmental impact. Pusterla 1880 set itself annual sustainability targets, which are verified by extra-financial and CSR advisory agencies. We have chosen to take a further step forward and to link a significant portion of our debt financing to those sustainabilty targets in which Pusterla 1880 strongly believes.”
Pierre-Yves Poirier and Antoine Le Bourgeois, Partner at Andera Partners, comment: “Andera MidCap is very proud to support this Sustainability-Linked Bond issuance. We are convinced that the positive impact that we are seeking for our entire ecosystem must now be measured in terms of extra-financial and CSR criteria. As financial investors, we are play a responsible investor in the fight against climate change and we support the companies we invest in in their proactive ESG approach, in particular towards the gradual reduction of greenhouse gas emissions. As a management company, Andera Partners has also obtained the CO2-neutral® label.”