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    BYW   DE0005194005


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

BayWa : signs ESG-linked syndicated financing agreement for ?1.7 billion

09/09/2021 | 11:14am EDT

DGAP-News: BayWa AG / Key word(s): Financing
BayWa AG signs ESG-linked syndicated financing agreement for ?1.7 billion

09.09.2021 / 17:12
The issuer is solely responsible for the content of this announcement.

Number   09021-PIU34EN
Date   09 September 2021
Contact   Carina Thomann
Phone   +49 89/9222-3659
Fax   +49 89/9212-3659
E-mail   carinaanna.thomann@baywa.de

BayWa AG signs ESG-linked syndicated financing agreement for ?1.7 billion
BayWa's syndicated master financing facility focuses on sustainability

Munich, September 2021 - BayWa AG has signed an agreement for a syndicated credit facility of ?1.7 billion. The credit line is the first in the company's history to be aligned with the ESG rating issued by the rating agency MSCI ESG Research, extending the reach of BayWa's sustainability strategy to include its financing activities. MSCI ESG Research has awarded the BayWa Group an "AA" rating. The syndicated financing agreement is linked to environmental, social and corporate governance criteria (ESG) and comes with a three-year term offering two extension options of one year each. The syndicated financing agreement was coordinated by DZ BANK AG, Landesbank Baden-Württemberg and UniCredit Bank AG as bookrunners. The syndicate includes a total of ten international banks. Rothschild & Co. served as financial advisor to BayWa.

"The syndicated financing agreement rounds out our long-term financing activities over the past few years and marks a departure from the short-term strategy that tends to prevail at trading companies," says Andreas Helber, CFO of BayWa AG. "Linking the credit line to sustainability factors is another systematic step in keeping with our focus on sustainability." The sustainability rating will have a direct effect on the terms and conditions of the syndicated financing agreement. "The more successful we are in terms of sustainability, the more the company benefits from better conditions as a reward for its commitment. As a result, the significance of sustainability as our strategic guiding principle is reflected in our financing," Helber adds.

BayWa's new financing strategy has been met with widespread approval among banks. "We have seen tremendous interest here, as with previous financing projects," says Uwe Falk, Head of Treasury at BayWa AG. That interest is a further reflection of the company's solid reputation in the financial sector and of the faith lenders have in BayWa's sustainability expertise, Helber adds. The successful performance of the Renewable Energies business unit at BayWa r.e. AG is one of the developments that helps to foster trust, as are the consistent and systematic efforts to anchor sustainability targets within the corporate strategy. In addition, BayWa rolled out a Group-wide climate strategy in 2018 and has published a sustainability report every year since 2014.

Please note: We are on Twitter at www.twitter.com/BayWaPresse.

You can download print-ready press photos, footage material and video statements - without registration - from the BayWa Mediapool at www.baywa.com/mediapool.

Carina Thomann, BayWa AG
PR/Corporate Communications/Public Affairs
Phone: +49 89/9222-3659, Fax: +49 89/9212-3659
E-mail: carinaanna.thomann@baywa.de

Jenny Levié, BayWa AG, Head of PR/Corporate Communications/Public Affairs,
tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 12-36 80,
e-mail: jenny.levie@baywa.de

09.09.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: BayWa AG
Arabellastraße 4
81925 Munich
Phone: +49 (0)89/ 9222-3691
Fax: +49 (0)89/ 9212-3680
E-mail: jenny.levie@baywa.de
Internet: www.baywa.de
ISIN: DE0005194062, DE0005194005,
WKN: 519406, 519400,
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange
EQS News ID: 1232482

End of News DGAP News Service

1232482  09.09.2021 


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