Stevanato Group secures €130 million in ESG-linked financing

By William Gullotti

Buffalo, N.Y., March 8 – Stevanato Group SpA entered two separate agreements to obtain a total of €130 million in ESG-linked financing, according to a press release on Wednesday.

BNL BNP Paribas provided €70 million of the financing, tied to two ESG-related objectives that pertain to increasing renewable-based energy and improving waste management.

Cassa Depositi e Prestiti Group (CDP) provided the remaining €60 million of the financing, with those proceeds to be allocated to investing in technological innovation, purchasing of state-of-the-art machinery and modernizing a production plant in Italy.

Together, the combined financing agreements will be used to support the company’s ongoing global expansion.

Marco Dal Lago, chief financial officer of Stevanato Group, was quoted in the press release saying, “The financing will help us expand much-needed capacity in the U.S., Italy, and China ... to meet our customers’ needs, maximize organic growth, and build long-term shareholder value.”

“In this perspective, the ESG-linked financing in favor of Stevanato Group confirms CDP's concrete commitment to promoting evolved sustainable finance instruments through initiatives characterized by high levels of additionality and innovativeness,” added Andrea Nuzzi, head of enterprise and financial institutions at CDP, in the news release.

Further details regarding either financing agreement, such as interest rate and tenor, were not disclosed in the press release.

Stevanato is an Italian provider of drug containment, drug delivery and diagnostic solutions to the pharmaceutical, biotechnology and life sciences industries.

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