Nextchem signs EUR125 mn loan to fund innovations

Italy’s Maire has announced that its subsidiary Nextchem has signed a new EUR125 million loan agreement, 70% backed by Italy’s export credit agency Sace SpA to support investments in technological innovation and R&D.

The credit facility will have a maturity of seven years, including a two-year grace period. It will bear a variable interest rate based on the three-month Euribor plus a 1.6% margin, in addition to the cost of Sace’s guarantee, and may be repaid in full or in part at any time without penalties.

In accordance with the “Garanzia Archimede” – a tool introduced by the 2024 Budget Law to support new investments by Italian companies – the financing will primarily support strategic investments, including M&A, technological innovation, digitalisation, ecological transition, and R&D projects of Nextchem, the Italian company leading the Sustainable Technology Solutions business unit, and its subsidiaries.

The financing will be provided by a pool of major Italian financial institutions including Banca Monte dei Paschi di Siena, Banco BPM, BNL BNP Paribas, Cassa Depositi e Prestiti, Intesa Sanpaolo (IMI Corporate & Investment Banking Division). Intesa San Paolo will also act as Sace Agent, Global Coordinator, Sustainability Coordinator and Facility Agent.